Panasonic NNSN651W NN-SN651B Operating Manual (Spanish)

Marca: Panasonic

Modelo: NNSN651W

Categoría: Microondas

Tipo: NN-SN651B Operating Manual (Spanish)

=5>A<028P=34'46DA8303

$A420D28>=4B M:A=JL9$FL=JAGJ

=BCAD228>=4B<?>AC0=C4B34

B46DA8303 

=BCAD228>=4B?0A08=BC0;028P=H

2>=4G8P=0C84AA0 

$A420D28>=4B34B46DA8303 

#?4A028P=

!MF;AYF<=G;;AYFHGJ.=FKGJ

"JU>A;G<=;G;;AYFHGJ.=FKGJ

-=;=L9K<=(A;JGGF<9K

!MF;AYF<=JGFYE=LJG JGFYE=LJG <=

G;;AYFJGFYE=LJG <=J=HGKG

GEA=FRGL9J<WG

GFK=BGK-UHA<GK 

9J9;L=JWKLA;9K<=DGK9DAE=FLGK 

/V;FA;9KH9J9;G;AF9J 

"MW9JUHA<9<=*H=J9;AYF

#?4A028P=

A9?J9E9<=GEHGF=FL=K<=D#GJFG

+9F=D<=GFLJGD

19EGK9=EH=R9J9MK9JKM#GJFG

+9J99BMKL=<=DJ=DGB

.=?MJGH9J9FAXGK 

+9J9K=D=;;AGF9JHGL=F;A9QLA=EHG<=

G;;AYF

!MF;AYF<=EAFMLG9MLGEULA;G 

(9FL=F=J9DA=FL= 

!MF;AYF<=+9DGEAL9K<=(9WR 

!MF;AYF<=(UKE=FGK 

!MF;AYF<==K;GF?=D9;AYF/MJ:G

$FN=JL=J 

GFK=BGKQ/V;FA;9K<==K;GF?=D9;AYF



!MF;AYF<=-=;9D=FL9EA=FLGHGJ

.=FKGJ 

!0=C4=8<84=C>

MA<9<GQ'AEHA=R9<=KM#GJFG<=

(A;JGGF<9K 

GEHJ9<=;;=KGJAGK 

FL=K<=KGDA;AL9J.=JNA;AG/V;FA;G

"9J9FLW9'AEAL9<9QAJ=;LGJAG<=

.=JNA;AGK9DGFKMEA<GJ

=5>A<028P=4=4A0;

"MW9<=ML=FKADAGK

KH=;A>A;9;AGF=K



-=?AKLJG<=DMKM9JAG 

"('#$&&'($&#)(# '("'(&)(*#"')(#( 

!GJ F?DAK@$FKLJM;LAGFKLMJFGN=JL@=:GGC

!4+

$+

$EHJ=KG=F@AF9

+9J9G:L=F=JJ=>=J=F;A9KKG:J=D9K=?MJA<9<<=@GJFGK<=EA;JGGF<9KNAKAL=D9HU?AF9

O=:<=D9!=F

@LLHOOO><9?GN-9<A9LAGF EALLAF?+JG<M;LK-=KGMJ;=K>GJ4GM-9<A9LAGF EALLAF?+JG<M;LKM;E@LE

+9J99KAKL=F;A9HGJ>9NGJDD9E=+)

;GFLU;L=FGKFM=KLJGKALAGO=:=F

@LLHOOOH9F9KGFA;;GE 0.Q+M=JLG-A;G

=BCAD228>=4B34#?4A028P=

>A=>34!82A>>=30B

'>;>?0A0DB>><4BC82>

!>34;>B""'"

""'"+

""'"'

""'"'

$+84+88$+84+88IP<%=JJQ+9?=

'DB46DA8303H;0B46DA830334>CA>B4B<DH8<?>AC0=C4

#=EGKHJGHGJ;AGF9<GE=FK9B=K<=K=?MJA<9<AEHGJL9FL=K=F=KL=E9FM9DQ

=FKM9H9J9LG'=9QG:=<=R;9KA=EHJ=LG<GKDGKE=FK9B=K<=K=?MJA<9<

$&)#"'$&*(&

$#' ,$#'Z",'*

"&Y!&##"'

9)GAFL=FL=@9;=J>MF;AGF9J=KL=@GJFG;GFD9HM=JL99:A=JL9Q9IM==KLG

HM=<=J=KMDL9JH=DA?JGKG KAEHGJL9FL=FG9FMD9JG>GJR9JDGKE=;9FAKEGK

<=K=?MJA<9<

:)G;GDGIM=FAF?ZFG:B=LG=FLJ==DH9F=D>JGFL9D<=D@GJFGQD9HM=JL9FA

H=JEAL9IM=K=9;MEMD=:9KMJ9GJ=KA<MGK<=DAEHA9<GJ=K=FD9K

KMH=J>A;A=K<=K=DD9<G

;)G@9?9>MF;AGF9J=D@GJFGKA=KLU<9X9<G=KAEHGJL9FL=IM=D9HM=JL9

<=D@GJFG9:J9Q;A=JJ=9HJGHA9<9E=FL=QFG@9Q9FAF?ZF<9XG=F

D9HM=JL9;GE:9<9

:AK9?J9KQK=?MJG<=D9HM=JL9JGLGKGKM=DLGK

K=DDGK<=D9KHM=JL9KQKMH=J>A;A=K<=K=DD9<G

< D@GJFGFG<=:=JUK=J9BMKL9<GGJ=H9J9<GHGJFAF?MF9H=JKGF9=P;=HLG

=DH=JKGF9D<=K=JNA;AG<=:A<9E=FL=;9DA>A;9<G

/G<GKDGKE=FK9B=K<=K=?MJA<9<D=AF<A;9J9F;MUD=K=DH=DA?JGHGL=F;A9D=D

;YEGJ=<M;AJD9HGKA:ADA<9<<=D=KAGF9JK=QD=9<NA=JL=IMVHM=<=KM;=<=J9D

FGK=?MAJD9KAFKLJM;;AGF=K

SKL==K=DKWE:GDG<=D99D9JE9<=K=?MJA<9<K=MLADAR9H9J9

9D=JL9JD=<=DGKH=DA?JGKHGL=F;A9D=KIM=HM=<=F<9X9JGD9KLAE9J9

MKL=<Q9GLJGK

/G<GKDGKE=FK9B=K<=K=?MJA<9<K=?MAJUF=DKWE:GDG<=D99D9JE9

<=K=?MJA<9<Q;M9DIMA=J9<=D9KKA?MA=FL=KH9D9:J9K+ '$"-*

1 -/ )$G+- 0$d) KL9KH9D9:J9KKA?FA>A;9F

0KL=<HM=<=J=KMDL9JD9KLAE9<GG<9X9<G

K=JA9E=FL=KAMKL=<FGKA?M=D9KAFKLJM;

;AGF=K<=AFE=<A9LG

0KL=<HM=<=J=KMDL9JD9KLAE9<GG<9X9<G

K=JA9E=FL=KAMKL=<FGKA?M=D9K

AFKLJM;;AGF=K

%!





+- 0$d)AF<A;9MF9KALM9;AYF

HGL=F;A9DE=FL=H=DA?JGK9IM=KAFG=K

=NAL9<9HM=<=<9JDM?9J9D=KAYF<=

E=FGJAEHGJL9F;A9GEG<=J9<9

&

$+84+88$+84+88IP<%=JJQ+9?=



"'(&)#"'!$#&("('')&

.M@GJFG<=EA;JGGF<9K=KMF9JLW;MDGH9J9;G;AF9JQMKL=<<=:=MK9JDG;GF

L9FLG;MA<9<G;GEGMK9MF9=KLM>9G;M9DIMA=JGLJG9JLW;MDGH9J9;G;AF9J

M9F<GMLADA;==KL=9H9J9LG=DV;LJA;GK=<=:=FK=?MAJHJ=;9M;AGF=K:UKA;9K<=

K=?MJA<9<AF;DMQ=F<GD9KKA?MA=FL=K

"J9;A9KHGJ;GEHJ9J=KL=#GJFG<=(A;JGGF<9K+9F9KGFA;

$0A0A43D28A4;A84B6>34@D4<03DA0B34B20A604;M2CA8208=24=38>74A830B0

?4AB>=0B>4G?>B828P=4G24B8E004=4A6N034<82A>>=30B

 '=9LG<9KD9KAFKLJM;;AGF=K9FL=K<=MK9J=D9H9J9LG

 '=9QKA?9D9K_+- 0$*) .+- 1$/-+*.$'  3+*.$$d)

3 .$1 ) -"c ($-**).`=KH=;W>A;9KIM=K==F;M=FLJ9F9:9BG

 KL=9H9J9LG<=:=K=J;GF=;L9<G9LA=JJ9GF=;L=KGD9E=FL=9D9LGE9=DV;LJA;9

<=:A<9E=FL=;GF=;L9<99LA=JJ91=9D9K_"'(&)#"'$&#",Z"

(&&`IM=K==F;M=FLJ9F=FD9HU?AF9

 GEG;M9DIMA=JGLJG9H9J9LGH9J9;G;AF9J"# =D@GJFG<=K9L=F<A<G;M9F<G

=KL9=FMKG

 $FKL9D=GM:AIM==KL=9H9J9LGKGD9E=FL=<=9;M=J<G;GFD9KAFKLJM;;AGF=K<=

AFKL9D9;AYFIM=K==F;M=FLJ9F=FD9HU?AF9

 "> ;M:J9FAL9H=FAF?MF9<=D9KJ=F<AB9K<==KL=9H9J9LG

 "> 9DE9;=F=GMK==KL=9H9J9LG=F=PL=JAGJ=K)GMK==KL=9H9J9LG;=J;9<=D

9?M9HGJ=B=EHDG;=J;9<=D>J=?9<=JG<=D9;G;AF9=FMF9:9K=EGB9<9G;=J;9

<=MF99D:=J;9QKAEAD9J=K

 0K==KL=9H9J9LGKYDGH9J9DGK>AF=KH9J9DGKIM=>M=@=;@GL9D;GEGK=<=K;JA:=F

=F=KL=E9FM9D"> MK=IMWEA;GKGN9HGJ=K;GJJGKANGK=F=KL=9H9J9LG KL=LAHG

<=@GJFG=KLU=KH=;W>A;9E=FL=<AK=X9<GH9J9;9D=FL9JG;G;AF9J9DAE=FLGK)G>M=

<AK=X9<GH9J9MKGAF<MKLJA9DG<=D9:GJ9LGJAG

 M9F<GDAEHA=D9KKMH=J>A;A=K<=D9HM=JL9Q=D@GJFGIM=NA=F=FBMFL9K9D;=JJ9JD9

HM=JL9MK=KGD9E=FL=B9:GF=KFG9:J9KANGKG<=L=J?=FL=KKM9N=K9HDA;9<GK;GF

MF9=KHGFB9G;GFL=D9KM9N=

 "> H=JEAL99DGKFAXGKMK9J=KL=9H9J9LG9E=FGKIM=K=9FKMH=JNAK9<GKEMQ<=

;=J;9HGJMF9<MDLG"> 9KME9IM=HGJIM=MFFAXG@9<GEAF9<GMF9@9:ADA<9<

H9J9;G;AF9J=D=DD9HM=<=;G;AF9JLG<GKAFKMH=JNAKAYF

 "> MK==KL=9H9J9LGKALA=F=<9X9<G=D;GJ<YFGD9;D9NAB9KAFG=KLULJ9:9B9F<G

9<=;M9<9E=FL=GKA@9KA<G<9X9<GGK=@9<=B9<G;9=J

 "> KME=J?AJ=F9?M9=D;9:D=GD9;D9NAB9

 (9FL=F?9=D;9:D=D=BGK<=KMH=J>A;A=K;9DA=FL=K

"> <=B==D;9:D=;GD?9F<G=F=D:GJ<=<=D9E=K9GEGKLJ9<GJ

 KL=9H9J9LG<=:=J=;A:AJE9FL=FAEA=FLGKYDG<=H=JKGF9D;9DA>A;9<GGFL9;L=D9K

AFKL9D9;AGF=K<=K=JNA;AG9MLGJAR9<9KEUK;=J;9F9KH9J9J=NAKAYFJ=H9J9;AYFG

9BMKL=



$+84+88$+84+88IP<%=JJQ+9?=



 D?MFGKHJG<M;LGKL9D=K;GEGDGK@M=NGK;GEHD=LGKQ;GFL=F=<GJ=KK=DD9<GKHGJ

=B=EHDG>J9K;GK<=NA<JAG;=JJ9<GKHM=<=F=PHDGL9JQFG<=:=FK=J;9D=FL9<GK=F

=KL=@GJFG

 +9J9J=<M;AJ=DJA=K?G<=AF;=F<AG=FD9;9NA<9<<=D@GJFG

9 "> KG:J=;G;AF=DGK9DAE=FLGK+J=KL=9L=F;AYF;MA<9<GK99D9H9J9LG DH9H=D

HDUKLA;GMGLJGKE9L=JA9D=K;GE:MKLA:D=KKGF;GDG;9<GK<=FLJG<=D@GJFGH9J9

>9;ADAL9JD9;G;;AYFH=JGKAFGK=MLADAR9F9<=;M9<9E=FL==KLGHM=<=HJG<M;AJ

AF;=F<AG=FKM@GJFG

: ,MAL=DGKKMB=L9<GJ=K<=9D9E:J=<=D9K:GDK9K<=H9H=DGHDUKLA;G9FL=K<=

;GDG;9JD9:GDK9=F=D@GJFG

; '84;<0C4A80;34=CA>34;7>A=>B44=284=34<0=C4=60;0?D4AC034;7>A=>

24AA0300?L6D4;>H34B2>=42C44;201;44;M2CA82>>0?06D4;04=4A6N04=

4;BF8C271A0:4A34;5DB81;4>34;28A2D8C>

< )GMK=D9;9NA<9<;GFHJGHYKALGK<=9DE9;=F9B=)G<=B=HJG<M;LGK<=H9H=D

ML=FKADAGK<=;G;AF9G9DAE=FLGK=FD9;9NA<9<;M9F<GFG=KLV=FMKG



8@D83>B<DH20;84=C4B

'AIMA<GK;GEG9?M9;9>=GL=HM=<=FK=JKG:J=;9D=FL9<GK9:9BG<=DHMFLG<=

=:MDDA;AGFKAFEGKLJ9JMF9=:MDDAAGFGKA?FGK<==KL=)GKA=EHJ=:MJ:MB=9

;M9F<G=DJ=;AHA=FL=K=J=LAJ9<=D(A;JGGF<9K ./*+0  - .0'/- )

0) 0''$$d)- + )/$) ''c,0$*(04'$ )/ 0)*.

$)/-*050)0#-0*/-*0/ ).$'$* )/-* ''c,0$*

+9J9J=<M;AJ=DJA=K?G<=@=JA<9K9H=JKGF9K

9 &*) *  Y%)#"('-)&"(  "(!"(#

: "#20;84=C44;06D0H0248C4>;0B6A0B0B9D=C0B 0?4;N2D;034;

0248C40CA0?0ALE0?>AH?D43420DB0AD=04AD?28P=E8>;4=C0

; "> MLADA;=J=;AHA=FL=K<=D9<GKJ=;LGK;GF;M=DDG9F?GKLG

< 'M=?G<=D;9D=FL9EA=FLG<=B==DJ=;AHA=FL=<=FLJG<=D@GJFG<=EA;JGGF<9K

HGJMF;GJLGLA=EHG9FL=K<=J=LAJ9JDG

"# ;G;AF=<AJ=;L9E=FL=KG:J==DHD9LG?AJ9LGJAG KL=HM=<=IM=:J9JK=

;9MK9F<GD=KAGF=KG<9XG9D@GJFG

 =KLAF9<GH9J9@GJFGIM=>M=<AK=X9<GH9J9AFKL9D9JK==FMF?9:AF=L=<=

H9J=<

9">AFL=FL=HGF=J=F>MF;AGF9EA=FLGFAF?ZF9H9J9LG<=;9D=>9;;AYFG<=

;G;AF9:9BG=KL=9H9J9LG

:">M:A;9JD9MFA<9<;=J;9<=FAF?ZF9H9J9LG<=;9D=>9;;AYFG<=;G;AF9

GKG:J=VD

;">M:A;9JKG:J=MF>J=?9<=JG

<">9DE9;=F9JF9<9<AJ=;L9E=FL==FD9KMH=J>A;A=KMH=JAGJ<=D9H9J9LG

;M9F<GVKL=K==F;M=FLJ==F>MF;AGF9EA=FLG

"'(&)#"'!$#&("('')&

(continuación)

$+84+88$+84+88IP<%=JJQ+9?=



)&'('"'(&)#"'

+9J9=DMKG9HJGHA9<G<=D@GJFGD=9D9KHJ=;9M;AGF=KJ=KL9FL=K<=K=?MJA<9<=

AFKLJM;;AGF=K<=>MF;AGF9EA=FLG

$;0C>68A0C>A8>342A8BC0;

"# GH=J==D@GJFGKAF=D9FADDG?AJ9LGJAGQ=DHD9LG<=;JAKL9D=FKMDM?9J

"# HGF?99>MF;AGF9J=D@GJFGKAF=DHD9LG?AJ9LGJAG<=;JAKL9D=FK9E:D9<G;GE

HD=L9E=FL==F=D;M:G<=D9AEHMDKAYF D;G;AF9J<=E9F=J9AF;GJJ=;L9HG<JW9

J=KMDL9J=F<9XGK9D@GJFG1=JA>AIM=IM==DHD9LG?AJ9LGJAG<=;JAKL9DK=9=F?9F

;@9<G;GJJ=;L9E=FL=QG:K=JN=IM=D9JGL9;AYFK=99HJGHA9<9;M9F<GHJ=KAGF9

F;=F<=J"#( DHD9LG?AJ9LGJAGHM=<=<9JNM=DL9=F;M9DIMA=J<AJ=;;AYF

0LADA;=KGD9E=FL==DHD9LG?AJ9LGJAG<AK=X9<G=KH=;W>A;9E=FL=H9J9=KL=@GJFG

"# KM:KLALMQ9FAF?ZFGLJGHD9LG?AJ9LGJAG

.A=DHD9LG?AJ9LGJAG=KL9;9DA=FL=H=JEAL9IM=K==F>JW=9FL=K<=D9DAEHA=R9G

<=;GDG;9J=F9?M9

"# ;G;AF=<AJ=;L9E=FL==F=DHD9LG?AJ9LGJAGGDGIM=KA=EHJ==D9DAE=FLG=F

MFHD9LGK=?MJGH9J9EA;JGGF<9K

.A=D9DAE=FLGG=DML=FKADAG=F=DHD9LG?AJ9LGJAGLG;9D9KH9J=<=K<=D@GJFG

G;9KAGF9JUIM==DHD9LG?AJ9LGJAG<=B=<=EGN=JK==DHD9LG<=;JAKL9DJGL9JU

9MLGEULA;9E=FL==FD9<AJ=;;AYFGHM=KL9

=8;;>8A0C>A8>

 D9FADDG?AJ9LGJAGQ=DHAKG<=D@GJFGK=<=:=FDAEHA9J;GF>J=;M=F;A9H9J9HJ=

N=FAJJMA<G=P;=KANG

.A=EHJ=NM=DN99;GDG;9J=D9FADDG?AJ9LGJAGQ=DHD9LG<=;JAKL9D=FKMKHGKA

;AGF=K9HJGHA9<9K

 D9FADDG?AJ9LGJAGK=<=:=MLADAR9JKA=EHJ=H9J9;G;AF9JBMFLG;GF=DHD9LG<=

;JAKL9D

"'(&)#"'!$#&("('')&

(continuación)

$&*(& &'#'& J(&

"# IMAL==DH9F=D=PL=JFG<=D@GJFG'9KJ=H9J9;AGF=KK=<=:=F@9;=JKGD9E=FL=HGJ

MF9H=JKGF9;9DA>A;9<9<=DK=JNA;AG

$&&)& &'#,$#'Z"

"&Y!&##"'

"# 9DL=J=G@9?9FAF?ZF9BMKL=GJ=H9J9;AYF9D9HM=JL99D

9DGB9EA=FLG<=DH9F=D<=;GFLJGDAFL=JJMHLGJ=K=FLJ=;JMR9<GK<=

K=?MJA<9<G9;M9DIMA=JGLJ9H9JL=<=D@GJFG

$&*(& &'#""#

"# GH=J==D@GJFGN9;WG'9=F=J?W9<=EA;JGGF<9KK=J=>D=B9JU

;GFLAFM9E=FL=9LJ9NVK<=D@GJFGKADGK9DAE=FLGKG9?M9FG

=KLUFHJ=K=FL=KH9J99:KGJ:=J=F=J?W9 KLGHM=<=<9X9J=D

@GJFGQJ=KMDL9J=FH=DA?JG<=AF;=F<AG

"# 9DE9;=F=DGKE9L=JA9D=KAF>D9E9:D=K9DD9<G=F;AE9

G<=FLJG<=D@GJFG

"# K=IM=L=D9KH=JAY<A;GKMGLJGKE9L=JA9D=K=F=D@GJFG

+M=<=FAF;=F<A9JK=

"# ?GDH==FAH=?M==F=DH9F=D<=;GFLJGD+M=<=F;9MK9JK=<9XGK9DGK;GFLJGD=K

"# MK=HJG<M;LGK<=H9H=DJ=;A;D9<G9E=FGKIM==FD9=LAIM=L9<=DH9H=DK=AF<AIM=

IM=HM=<=K=JMLADAR9<G=F@GJFG<=EA;JGGF<9KQ9IM=HM=<=F;GFL=F=JAEHMJ=R9K

IM=HM=<=F;9MK9J;@AKH9KQGAF;=F<AGK;M9F<GK=MK=F

$&*(& &'#%)!)&'

'9KE9FGHD9KH9J9LGE9J;GK9K;9DA=FL=KKA=EHJ=<=:=FK=JMLADAR9<9K;M9F<GK=J=LAJ=F

;GK9K<=D@GJFG D;9DGJK=LJ9FK>A=J=<=DGK9DAE=FLGK;9DA=FL=K9DGK;GFL=F=<GJ=KH9J9

;G;AF9JQ<=DGK;GFL=F=<GJ=K9D9:9F<=B9<=;JAKL9D'9:9F<=B9<=;JAKL9DHM=<==KL9J

EMQ;9DA=FL=<=KHMVK<=K9;9JDGK;GFL=F=<GJ=KH9J9;G;AF9J<=D@GJFG



$+84+88$+84+88IP<%=JJQ+9?=



"'(&)#"'"'( Z"

 )'#"$&#$#  *$&#",Z"(&&$)

&') (&"&'#'& J(&

.A=KF=;=K9JAGMK9JMF;9:D=<==PL=FKAYFMK=KGD9E=FL=;9:D=<==PL=FKAYF<=LJ=K

@ADGKIM=L=F?9MF9;D9NAB9<=LJ=K=FLJ9<9KH9J9;GF=;L9J9LA=JJ9QMFJ=;=HLGJ<=LJ=K

J9FMJ9KIM=9;=HL=D9;D9NAB9<=D9H9J9LG D;9DA:J=E9J;9<G=F=D;9:D=<==PL=FKAYF

<=:=K=JA?M9DGE9QGJ9D;9DA:J==DV;LJA;G<=D9H9J9LG

=BCAD228>=4B34>=4G8P=0(84AA0

'($&(#'&#"(#(&& F=D;9KG<=MF;GJLG;AJ;MALG

D9;GF=PAYF9LA=JJ9J=<M;==DJA=K?G<=MF9<=K;9J?9=DV;LJA;9HJGHGJ;AGF9F<GMF9DWF=9

<==K;9H=H9J9D9;GJJA=FL==DV;LJA;9 KL=9H9J9LG=KLU=IMAH9<G;GFMF;9:D=Q;D9NAB9

H9J9;GF=PAYF9LA=JJ9'9;D9NAB9<=:=K=J;GF=;L9<9=FMFJ=;=HLGJIM==KLVAFKL9D9<G

9<=;M9<9E=FL=Q;GF=;L9<G9LA=JJ9

R=27D544=;02>=4G8P=2>AA42C0<4=C48=BC0;03>H?D4BC>0C84AA0344=CA030B

R"#@D8C44;384=C434C84AA0

R"#DC8;824030?C03>A



G0<8=4'D>A=>

=K=EH9IM==D@GJFGIMAL=LG<G=DE9L=JA9D<==EH9IM=Q=P9EAF=IM=KM@GJFGFG

L=F?9FAF?ZF<9XGL9D;GEG9:GDD9<MJ9KK=?MJGK<=D9HM=JL9JGLGKGJ=KIM=:J9B9<MJ9K

=FD9HM=JL9)GLA>AIM=AFE=<A9L9E=FL=9KM<AKLJA:MA<GJKA=D@GJFG=KLU<9X9<G

)182028P=34;>A=>

 D@GJFG<=:=K=J;GDG;9<G=FMF9KMH=J>A;A=HD9F9Q=KL9:D=+GF?9D9KMH=J>A;A=

<=D9FL=J9<=D9HM=JL9LJ=KHMD?9<9KGEUK<=D:GJ<=KMH=JAGJ;GFLJ9JAGH9J9=NAL9J

AF;DAF9J9;;A<=FL9DE=FL==D@GJFG<=EA;JGGF<9K<MJ9FL=KMMKGFGJE9D+9J9KM

GH=J9;AYF9HJGHA9<9=D@GJFG<=:=L=F=JKM>A;A=FL=;GJJA=FL=<=9AJ==B=;E

HMD?9<9K<==KH9;AG<=9E:GKD9<GK<=D@GJFGQ;EHMD?9<9<==KH9

;AG=FD9H9JL=KMH=JAGJ<=D@GJFG

9 "# :DGIM=9JD9N=FLAD9K<=D9AJ=.A=K:DGIM=9<9D9N=FLAD9;AYF<=D9AJ=

<MJ9FL=D9GH=J9;AYF=D@GJFGHM=<=KG:J=;9D=FL9JK=QIM=E9JK=

: "# ;GDGIM==D@GJFG;=J;9<=MF9KMH=J>A;A=@ZE=<9;9DA=FL=L9D;GEG

MFJ=?AKLJG<=?9KG=DV;LJA;G

; "# @9?9>MF;AGF9J=D@GJFG;M9F<GD9@ME=<9<<=DDM?9J=K=P;=KAN9

 KL=@GJFG>M=E9FM>9;LMJ9<GH9J9=DMKG<GE=KLA;GZFA;9E=FL=)G>M=

HJG:9<GH9J9MK9JK==FFAF?ZFLAHG<=N=@W;MDGL=JJ=KLJ=E9JWLAEGG<=MKG

;GE=J;A9D

=BC0;028P=

"# :DGIM==D9KK9DA<9K<=9AJ=.AK=:DGIM=9F<MJ9FL=D9GH=J9;AYF=D@GJFG

HM=<=J=;9D=FL9JK=.A=D@GJFGK=J=;9DA=FL9MF<AKHGKALANG<=K=?MJA<9<L=JE9D

9H9?9JU=D@GJFG D@GJFGK=?MAJUKA=F<GAFGH=J9:D=@9KL9IM=K=@9Q9=F>JA9<G

 .A=D@GJFG=K<AK=X9<GH9J9D9AFKL9D9;AYF=FMF?9:AF=L=<=D9H9J=<MK9F<G=DCAL

<=9BMKL=9HJGHA9<G<AKHGFA:D=<=MF<AKLJA:MA<GJDG;9D<=+9F9KGFA;.A?9LG<9D9

AFKLJM;;AYF<==E:9D9B=<=DCAL

)).))).)2

"# >M=;GFKLJMA<GFAHJG:9<GH9J9KMMKG=FFAF?ZFLAHG<=N=@W;MDGL=JJ=KLJ=

E9JWLAEGG<=MKG;GE=J;A9D

$+84+88$+84+88IP<%=JJQ+9?=



'D<8=8BCA>;M2CA82>

.=HJGN==MF;9:D=<=KMEAFAKLJG=DV;LJA;G;GJLGH9J9J=<M;AJDGKJA=K?GKJ=KMDL9FL=K<=

=FJ=<9JK=GLJGH=R9JK=;GFMF;9:D=EUKD9J?G

%M=?GK<=;9:D=EUKD9J?GKG=PL=FKAGF=K=KLUF<AKHGFA:D=KQHM=<=FMLADAR9JK=KAK=

MK9F;GF;MA<9<G"# <=B==D;9:D=;GD?9JKG:J==D:GJ<=<=D9E=K9GEGKLJ9<GJ

.AK=MK9MF;9:D=EUKD9J?GG=PL=FKAYF=D;9DA:J==DV;LJA;GE9J;9<G=F=DBM=?G

<=;9:D=G=PL=FKAYF<=:=K=J9DE=FGKL9F?J9F<=;GEG=D;9DA:J==DV;LJA;G<=D

9H9J9LG=D;9:D=<==PL=FKAYF<=:=K=J<=LJ=K@ADGK<=DLAHG<=;GF=PAYF9LA=JJ9Q

MF;9:D=EUKD9J?G<=:=K=J9JJ=?D9<G<=L9D>GJE9IM=FG;9A?9

KG:J=D9;M:A=JL9<=DEGKLJ9<GJG<=D9E=K9<GF<=HM=<9K=JB9D9<G

HGJFAXGKG9D?MA=FHM=<9LJGH=R9JK=9;;A<=FL9DE=FL=

&4@D4A8<84=C>B34201;403>

D@GJFG<=:==KL9J=FMF;AJ;MALGK=H9J9<G)AF?ZFGLJG9H9J9LG<=:=;GEH9JLAJ=D;AJ;MALG

;GF=D@GJFG.ADG@9;==D>MKA:D=<=D;AJ;MALGHM=<==KL9DD9J=D:DGIM=9<GJ<=D;AJ;MALG

LJ9:9JK=GD9;GEA<9;G;AF9JK=EUKD=FLGIM==FDGKLA=EHGKJ=;GE=F<9<GK=F=KL=

E9FM9D D@GJFG<=:=K=J;GF=;L9<G=FMF=F;@M>=9LA=JJ9<=9DE=FGK1

#RGF<=K==F;M=FLJ=MF=F;@M>==KLUF<9J<==FLJ9<9KK=JUJ=KHGFK9:ADA<9<Q

G:DA?9;AYF<=D;GFKMEA<GJJ==EHD9R9JDGHGJMF=F;@M>=9LA=JJ9<==FLJ9<9K DNGDL9B=

MK9<G<=:=K=J=DEAKEG9D=KH=;A>A;9<G=F=D@GJFG<=EA;JGGF<9K1#R0K9JMF

NGDL9B=EUK9DLG=KH=DA?JGKGQHM=<=J=KMDL9J=F>M=?GMGLJG9;;A<=FL=;9MK9F<G<9XG9D

@GJFG0K9JMF:9BGNGDL9B=<9JU;GEGJ=KMDL9<GMF;G;AF9<GEUKD=FLG

+9F9KGFA;)*=KJ=KHGFK9:D=HGJ;M9DIMA=J<9XGIM=@9Q9J=KMDL9<G<=DMKG<=D@GJFG

;GFMFNGDL9B=<AKLAFLG9D=KH=;A>A;9<G

=C4A54A4=28034&038>>(4;4E8B8P=

 '9GH=J9;AYF<=KM@GJFG<=EA;JGGF<9KHM=<=;9MK9JAFL=J>=J=F;A9=FKMJ9<AG/1G

=IMAHGKAEAD9J

 M9F<G@9QAFL=J>=J=F;A9K=HM=<=J=<M;AJG=DAEAF9JLGE9F<GD9KKA?MA=FL=KE=<A<9K

9 'AEHA=D9HM=JL9QD9KKMH=J>A;A=KK=DD9<GJ9K<=D@GJFG

: +GF?9=DJ9<AG/1=L;DGEUKD=BGKHGKA:D=<=D@GJFG<=EA;JGGF<9K

; 0K=MF99FL=F9AFKL9D9<99<=;M9<9E=FL=H9J9G:L=F=JMF9J=;=H;AYF<=K=X9D

EUK>M=JL=

"'(&)#"'"'( Z"

(continuación)

$+84+88$+84+88IP<%=JJQ+9?=



.A?9 KL9K+J=;9M;AGF=K<=.=?MJA<9<M9F<GG;AF==F.M#GJFG

!$#&("(

02>228P=0342D03034?4=3434;C84<?>34B86=03>H34;?4B>34;>B0;8

<4=C>B'8DB0D=0?>A28P=<4=>A34;0A42><4=3030H2>28=0?>A4;

C84<?>?0A0;0?>A28P=A42><4=3030?D434A4BD;C0A4=D=8=24=38>'8

>2DAA4D=8=24=38>?>=604;7>A=>4=?>B828P=340?0603>H<0=CM=60;>

24AA03>4B2>=42C4;04=4A6N04;M2CA820>34B2>=42C4;02090345DB81;4B>

4;?0=4;342>=CA>;

" (#'&#'(& .Z" !"(#'

'&(#'$%)K'"('

 !"(#'

\ ">DB4 =D@GJFGH9J9=D=FD9L9<G;9K=JGGH9J9;9D=FL9J;M9DIMA=J>J9K;G

;=JJ9<G'9HJ=KAYF9ME=FL9JUQ=D>J9K;GHM=<==PHDGL9J.M@GJFGFGHM=<=

E9FL=F=JDGK9DAE=FLGK9D9L=EH=J9LMJ99HJGHA9<9<==FD9L9<G

\ ">DB4 =D@GJFG<=EA;JGGF<9KH9J9=KL=JADAR9JG:B=LGKE9EAD9K<=:=:=

=L; K<A>W;ADE9FL=F=J=D@GJFG9D9L=EH=J9LMJ9F=;=K9JA9H9J9D9

=KL=JADAR9;AYF

\ ">B4@D4 ;9JF=@A=J:9K>JML9KGN=?=L9D=K=FKM@GJFG+=IM=X9K

;9FLA<9<=K<=9DAE=FLGG9DAE=FLGK;GF:9BG;GFL=FA<G<=@ME=<9<K=

HM=<=FK=;9JIM=E9JGAF;=F<A9JK=

$ #!('!Y.

'9KH9DGEAL9K<=E9WR<=:=FHJ=H9J9JK==FMFJ=;AHA=FL=H9J9H9DGEAL9K<=

E9WR9<=;M9<GH9J9@GJFG<=EA;JGGF<9K+9DGEAL9K<=E9WRH9J9@GJFG<=

EA;JGGF<9KIM=K=HJ=H9J9F=FKMHJGHAGH9IM=L=L9E:AVF=KLUF<AKHGFA:D=K

.A?9D9KAFKLJM;;AGF=K<=D>9:JA;9FL=<=H9DGEAL9K<=E9WRQMK=MF9E9J;9

9<=;M9<9H9J9D9HGL=F;A9<=KM@GJFG<=EA;JGGF<9K)MF;9<=B=

<=K9L=F<A<G=D@GJFG;M9F<GHJ=H9J=H9DGEAL9K<=E9WR

$&)Z"M9F<GMK=H9DGEAL9K<=E9WRH9J9EA;JGGF<9KHJ=NA9E=FL=

=EH9;9<9KKA?9D9KAFKLJM;;AGF=KJ=;GE=F<9<9K=F=DH9IM=L=GMLADA;=D9

L=;D9<=H9DGEAL9K<=E9WRJ=NAK=HU?AF9.AFGK=KA?M=F=KL9K

AFKLJM;;AGF=KD9KH9DGEAL9K<=E9WRHM=<=FFGJ=N=FL9J9<=;M9<9E=FL=G

HM=<=F=F;=F<=JK=Q;9MK9JMFAF;=F<AG

)MF;9<=B==D@GJFG<=K9L=F<A<G;M9F<G=KLUFJ=N=FL9F<GD9KH9DGEAL9K

+=JEAL9IM=D9:GDK9<=H9DGEAL9KK==F>JW=9FL=K<=9:JAJK=9:J9KA=EHJ=D9

:GDK9D=BGK<=KM;9J9Q;M=JHGH9J9HJ=N=FAJIM=E9<MJ9K<=DN9HGJ

&&#"!)&'

\ "# LJ9L=<=>J=WJ;GFEM;@9?J9K9=FKM@GJFG<=EA;JGGF<9KG;AF9J9;=AL=K

HM=<==KL9DD9J=F>D9E9KQHM=<=;9MK9J<9XG9D@GJFGQIMARU9;9:9J=F

IM=E9<MJ9K'GKML=FKADAGK<=EA;JGGF<9KHM=<=FFGK=JZLAD=KH9J9KGHGJL9J

D9L=EH=J9LMJ9<=D9;=AL=;9DA=FL=QHG<JW9FJGEH=JK=

 !"(#'#"$ '"#$#&#''

\ "##"& "()*#'"(&#'#"#'" 

X'& '99;MEMD9;AYF<=DN9HGJ=F@M=NGK=FL=JGKHM=<=@9;=JDGK

=KL9DD9JQ=K;9MK9<=<9XG9D@GJFGG;9MK9<=D=KAYF-=;9D=FL9JDGK@M=NGK

<MJGK- )*.Q;G;AF9JDGK@M=NGKJ=NM=DLGK=KK=?MJG

\ +9H9KE9FR9F9K;9D9:9R9K;GEHD=L9KQK9D;@A;@9KKGF=B=EHDGK<=

9DAE=FLGK;GFHA=D=KFGHGJGK9K KLGKLAHGK<=9DAE=FLGK<=:=FK=J

H=J>GJ9<GK9FL=K<=;G;AF9JDGK=FEA;JGGF<9KH9J9=NAL9JIM==KL9DD=F

$&)Z"G;AF9JH9H9KK=;9KGNA=B9KHM=<=FG;9KAGF9J>M=?G

'D64A4=280B[C8;4B

$+84+88$+84+88IP<%=JJQ+9?=



"&'( )("' #'#"$$ 

 )!"#

\ 'GKML=FKADAGKH9J9;G;AF9JK=;9DA=FL9F<MJ9FL=D9;G;;AYF=FEA;JGGF<9K0K=

KGHGJL=KH9J9DG;9DA=FL=;M9F<GK9IM=DGKML=FKADAGK<=D@GJFGG;M9F<GIMAL=

L9H9KG;M:A=JL9K<==FNGDLMJ9<=HDUKLA;G<=DGKML=FKADAGK<=;G;AF9H9J9

=NAL9JIM=E9<MJ9K

\ '9:9F<=B9<=;JAKL9DK=;9D=FL9JU<MJ9FL=D9;G;;AYF=:=H=JEALAJK=IM=K=

=F>JW=9FL=K<=E9F=B9JD9G9FL=K<=;GDG;9JHJG<M;LGK<=H9H=DL9D=K;GEG

HD9LGK<=H9H=DG:GDK9K<=H9DGEAL9K<=E9WRH9J9EA;JGGF<9KH9J9;G;AF9J

\ DMK9JH9H=D9DMEAFAG=F=D@GJFGH=JEAL9HGJDGE=FGK<=HMD?9<9

;=FLWE=LJGK<==KH9;AG=FLJ==DH9H=D9DMEAFAGQD9KH9J=<=K<=D@GJFGGD9

HM=JL9AFL=JAGJ

\ +D9LGK;GF9<GJFGKE=LUDA;GKFG<=:=JUFK=JMK9<GKQ9IM=HM=<=

HJG<M;AJK=9J;G=DV;LJA;G

(# '$$ ( '

\ ">DB4 LG9DD9K<=H9H=DGL=D9KIM=;GFL=F?9F>A:J9KKAFLVLA;9K=FKML=BA<G'9

>A:J9KAFLVLA;9HM=<=;9MK9JIM=D9LG9DD9K=AF;=F<A=0LADA;=LG9DD9K<=H9H=D

:9BGKMH=JNAKAYF

"#&#&# ''$&#"&"

#&"#

\ '9K:9F<=B9K<GJ9<GJ9KG9K9<GJ9KKGF<AK=X9<9KH9J9;G;AF9J=F

EA;JGGF<9KKGD9E=FL=.A=EHJ=KA?9D9KAFKLJM;;AGF=K<9<9KHGJ=D>9:JA;9FL=

">?A420;84=C4 D9:9F<=B9<GJ9<GJ9EUK<=EAFMLGK

\ .AK=MLADAR9MF9:GDK9H9J9;G;AF9J=F(A;JGGF<9KHJ=H9J=<=9;M=J<G9D9K

AFKLJM;;AGF=K<=DH9IM=L=">DB4 KMB=L9<GJ=K<=9D9E:J=H9J9;=JJ9JD9:GDK9

=FKMDM?9JMLADA;=KMB=L9<GJ=K<=HDUKLA;GKMF;GJ<YF<=9D?G<YFGD9LAJ9<=D

=PLJ=EG9:A=JLG<=D9:GDK9

(&!Z!(&#'

\ ">DB4 L=JEYE=LJGK;GFN=F;AGF9D=KH9J99DAE=FLGK=FKM@GJFG+M=<=

HJG<M;AJ9J;G KLUF<AKHGFA:D=KL=JEYE=LJGKK=?MJGKH9J9EA;JGGF<9KH9J9

;9JF=Q<MD;=

Z&!) J !"(#'$&J

\ "> ;9DA=FL=D9>YJEMD9GDGK9DAE=FLGKH9J9=D:=:V=F=D@GJFG<=EA;JGGF<9K

DL9JJGGD9KMH=J>A;A=<=;JAKL9D<=D9DAE=FLGHM=<=FH9J=;=JLA:AGKEA=FLJ9K

IM==DAFL=JAGJHM=<=J=KMDL9JL9F;9DA=FL=IM=HG<JW9G;9KAGF9JIM=E9<MJ9K=F

D9:G;9Q=KY>9?G<=D:=:=

& "(!"(#$&#)(#'&$#'(&Y

\ M9F<GJ=;9DA=FL=HJG<M;LGK<=J=HGKL=JW9;GEHJM=:=D9L=EH=J9LMJ9<=

;M9DIMA=JJ=DD=FG9FL=K<=;GE=JD?MFGK9DAE=FLGKLA=F=FJ=DD=FGKIM=K=

;9DA=FL9FEUKJUHA<9E=FL=QHM=<9FJ=KMDL9J=PLJ=E9<9E=FL=;9DA=FL=K

EA=FLJ9KIM=D9KMH=J>A;A=KA?M=KA=F<GLA:A99DL9;LG BGF9K<=B9D=9

)Y)'#"&  #&"#$)&( 

#&"#

\ ">DB4 =D@GJFGHGJ;M9DIMA=JJ9RYFIM=FGK=9D9HJ=H9J9;AYF<=9DAE=FLGK

'D64A4=280B[C8;4B

(continuación)

$+84+88$+84+88IP<%=JJQ+9?=



DN034)C4=B8;8>B

)("' #

!&##"'

#!"(&#'

.AH9J9 +=IM=X9KLAJ9K<=H9H=D9DMEAFAGHM=<=FK=JMLADAR9<9K

+9H=D9DMEAFAG HJGL=;;AYF H9J9HJGL=?=JD9KH9JL=KEUK<=DA;9<9K<=;9JF=KQ9N=K

ZFA;9E=FL= +M=<=FG;MJJAJ;@AKH9KKA=D9DMEAFAGK==F;M=FLJ9EMQ

;=J;9<=DD9KH9J=<=KGD9HM=JL9<=D@GJFGQ<9X9J=D@GJFG

;GEGJ=KMDL9<G

'GKHD9LGKH9J9<GJ9J=KLUF<AK=X9<GKH9J9;G;AF9J;GF

+D9LGKH9J9<GJ9J

EA;JGGF<9KKGD9E=FL=@=IM=D9AF>GJE9;AYF<=DHD9LG

<GJ9<GJH9J9AFKLJM;;AGF=KQ=D?JU>A;G<=;9D=FL9EA=FLG

)GHJ=;9DA=FL=HGJEUK<=EAFMLGK

GDK9K<=H9H=D;GEZF )G +M=<=FAF;=F<A9JK=

0L=FKADAGK<=;G;AF9 @=IM=D9KAFKLJM;;AGF=K<=MKGQ;MA<9<G<=DGK>9:JA;9FL=K

LAIM=L9<GK_+9J9MKG

H9J9;9D=FL9J=FEA;JGGF<9KD?MFGKML=FKADAGK<=;G;AF9

<=EA;JGGF<9K` HM=<=FL=F=J=FD9H9JL=HGKL=JAGJ<=DHD9LG_.=?MJGH9J9

MKG<=EA;JGGF<9K`

0L=FKADAGK<=;G;AF9FG

.AG)G

0LADA;= $&)&$"(' 9:9BG

=LAIM=L9<GK

+D9LGK<=K=;@9:D=K D?MFGK9DAE=FLGK;GF?=D9<GK=KLUF=EH9;9<GK=F=KLGK

<=HGDAVKL=JG;9JLYF .A HD9LGK+M=<=FK=J;GEHJ9<GK=FLA=F<9K<=HJG<M;LGK

;GE=KLA:D=K

GEA<9JUHA<9=F;9B9

<=;9JLYF;GFE9F?G )G DE9F?G<=E=L9DHM=<=G;9KAGF9J;@AKH9K

<=E=L9D

GEA<9;GF?=D9<9=F

)G DE=L9DHM=<=;9MK9J;@AKH9KQ<9X9JKM@GJFG

=F:9F<=B9<=E=L9D

GEA<9;GF?=D9<9=F

.A 9DA=FL=KGDGMF9:9F<=B9=F=D@GJFG9D9N=R

:9F<=B9H9J9(A;JGGF<9K

/9JJGK<=NA<JAG )G

'9E9QGJW9<=DGKL9JJGK<=;JAKL9DFGKGFJ=KAKL=FL=K9D

;9DGJ)GMLADA;=H9J9;G;AF9JGJ=;9D=FL9J

=JUEA;9QNA<JAGK

$<=9D=KH9J9;G;;AYF=F@GJFG<=EA;JGGF<9K;GEZFQ

J=>J9;L9JAGK <GJ9<GJ1=9$&)&$"( 9:9BG

0L=FKADAGK<=E=L9D

)GJ=;GE=F<9<GH9J9MLADAR9J=F@GJFGK<=EA;JGGF<9K

H9J9@GJF=9J DE=L9DHM=<=G;9KAGF9J;@AKH9KQ<9X9JKM@GJFG

.MB=L9<GJ=K<=D9E:J= )G +M=<=F;9MK9J;@AKH9KIM=;9MK=F>M=?G=F=D@GJFG

GDK9KH9J9

.A?9D9KAFKLJM;;AGF=K<=D>9:JA;9FL=A=JJ=D9:GDK9;GF=D

;G;AF9J=F=D@GJFG KMB=L9<GJ<=FQDGFAF;DMA<G

19KGKQHD9LGK<=H9H=D .A

0LADA;=H9J99DAE=FLGK;G;A<GKQH9J9;G;AF9J9DAE=FLGKIM=

J=IMA=J=F;GJLGLA=EHG<=;G;;AYF;GEGDGK#GL<G?K

/G9DD9KQK=JNADD=L9K

0LADA;=H9J9;9D=FL9JJGDDGKQK9F<OA;@=KKGDGKA=KL9

<=H9H=D =LAIM=L9<GH9J9MKGK=?MJG<=EA;JGGF<9K

/G9DD9KQK=JNADD=L9K

+JG<M;LGK<=H9H=DJ=;A;D9<GHM=<=F;GFL=F=JAEHMJ=R9K

<=H9H=DJ=;A;D9<G IM=HM=<=FG;9KAGF9J;@AKH9K

0LADA;=;GEG;M:A=JL9H9J9HJ=N=FAJIM=K9DHAIM=.=?MJG

+9H=DH=J?9EAFG .A H9J9MKG=FEA;JGGF<9KEA;JGGF<9K;GFN=;;AYFQ@GJFGK

;GFN=F;AGF9D=K

+DUKLA;G .AMLADA;=;GF =:==KL9J=LAIM=L9<G_GFN=FA=FL=H9J9;9D=FL9J=F

0L=FKADAGK<=;G;AF9 HJ=;9M;AYF EA;JGGF<9K`.A?9D9KAFKLJM;;AGF=KQJ=;GE=F<9;AGF=K<=D

K=?MJGKH9J9EA;JGGF<9K

>9:JA;9FL=D?MFGK;GFL=F=<GJ=KHDUKLA;GKK=?MJGKH9J9MKG

<=EA;JGGF<9KFGKGF;GFN=FA=FL=KH9J99DAE=FLGK;GF9DLGK

;GFL=FA<GK<=?J9K9G9RZ;9J D;9DGJ<=DGK9DAE=FLGK

;9DA=FL=KHM=<=G;9KAGF9JIM==DHDUKLA;GK=<=>GJE=

+DUKLA;G(=D9EAF=

KL=E9L=JA9D9:KGJ:=D9=F=J?W9<=EA;JGGF<9K'GKHD9LGK

K=;9DA=FL9F

.AMK=;GF DMFA;=DK=<=JJ=LAJUKADGK9DAE=FLGK9D;9FR9F9DL9K

/9R9K<=MFA;=D HJ=;9M;AYF L=EH=J9LMJ9K0LADA;=H9J9J=;9D=FL9J9DAE=FLGKZFA;9E=FL=

9MF:9BGFAN=D<=L=EH=J9LMJ9

0K=H9J9=FNGDN=JDGK9DAE=FLGK<MJ9FL=D9;G;;AYFH9J9

+DUKLA;GH9J9=FNGDN=J .A J=L=F=JD9L=PLMJ9QHJ=N=FAJIM=K9DHAIM==:=JUK=J

=LAIM=L9<9_GFN=FA=FL=H9J99D=FL9J=F(A;JGGF<9K`

-=NAK=D9KAFKLJM;;AGF=K<=D=EH9IM=

/=JEYE=LJGK9HJGHA9<GK

0K=KGD9E=FL=L=JEYE=LJGKH9J9;9JF=Q<MD;=K=?MJGKH9J9

H9J9@GJFGK<=EA;JGGF<9K

EA;JGGF<9K

/=JEYE=LJG;GFN=F;AGF9D

)G;GFN=FA=FL=KH9J9=DMKG=F@GJFG<=EA;JGGF<9KHM=<=

;9MK9J;@AKH9KQ;9D=FL9JK=

+9H=D=F;=J9<G .A

0LADA;=;GEG;M:A=JL9H9J9HJ=N=FAJK9DHA;9<MJ9KQJ=L=F=JD9

L=PLMJ9

$&)&$"('

$AD41034B46DA830334;A428?84=C4?0A0DB>4=>A=>34!82A>>=30BGDGIM=MFN9KG<=9?M9=F=D

#GJFG<=EA;JGGF<9KBMFLG9DJ=;AHA=FL=IM=K=JUHJG:9<G;9DA=FL=HGJMFEAFMLG9+GL=F;A9+.A=D

J=;AHA=FL==KK=?MJGH9J9=DMKG=FEA;JGGF<9K<=:==KL9J>JWGQ=D9?M9<=:==KL9J;9DA=FL=.A=DJ=;AHA=FL=

=KL9;9DA=FL==KHGJIM=9:KGJ:AY9D?MF9=F=J?W9<=DEA;JGGF<9KQFG<=:=K=JMLADAR9<G KL9HJM=:9FG

HM=<=K=JMLADAR9<9H9J9J=;AHA=FL=KHDUKLA;GK

$+84+88$+84+88IP<%=JJQ+9?=



806A0<034><?>=4=C4B34;>A=>

q *4=C8;028>=4B348A4GC4A=0B

w *4=C8;028>=4B348A4;=C4A=0B

e '8BC4<03484AA434'46DA8303

34;0$D4AC0

r *4=C8;028>=4B3408A44GC4A=0B

t $0=4;342>=CA>;

y $;02034;34=C8582028P=

u 0=349034A8BC0;

i A>34&>38;;>

o $4;N2D;0340AA4A02>=CA04;

0;>A*0?>A

FG=PLJ9=J

a D184AC034;6DN034>=30B

FG=PLJ9=J

s >CP=?0A001A8A;0?D4AC0

d C8@D4C0343E4AC4=280

f C8@D4C034!4=Q

01;434BD<8=8BCA>4;M2CA82>

=27D5434;BD<8=8BCA>4;M2CA82>

u a q

r f ye s

$+84+88$+84+88IP<%=JJQ+9?=



$0=4;34>=CA>;

8?

M9F<GMF9L=;D9=KHJ=KAGF9<9;GJJ=;L9E=FL=K==K;M;@9JUMF_:AH`.AMF9L=;D9=K

HJ=KAGF9<9QFG=K;M;@9MF_:AH`KA?FA>A;9IM=D9MFA<9<FG9;=HLYGFGHM<G9;=HL9JD9

AFKLJM;;AYF D@GJFG@9JUN=;=K_:AH`=FLJ=D9K=L9H9KHJG?J9E9<9KD>AF9D<=;9<9

HJG?J9E9;GEHD=L9<G=D@GJFG@9JUN=;=K_:AH`

"#(

.AFGK=DD=N99;9:GFAF?MF9GH=J9;AYFLJ9K9BMKL9JMFHJG?J9E9<=;G;AF9=D@GJFG

;9F;=D9JU9MLGEULA;9E=FL==DHJG?J9E9<=;G;AF9LJ9KEAFMLGK<=AF9;LANA<9<'9H9F

L9DD9EGKLJ9JU<=FM=NGD9@GJ9G<GKHMFLGK

(42;034$0;><8C0B

34<0NI

* HU?AF9

(42;034!8=DC>

DC><LC82>!LB

* HU?AF9





(42;034$>C4=280

* HU?AF9

(42;0?0A0

$0DB00=24;0A

(42;034&420;4=

C0<84=C>2>='4=B>A

* HU?AF9

(42;034!0=C4=4A

0;84=C4

* HU?AF9

(42;034>228P=2>=

'4=B>A

* HU?AF9

(42;034A>=P<4CA>

&4;>9



!4=>B

* HU?AF9

(42;0344B2>=6

4;028P=(DA1>=E4AC4A

* HU?AF9

$0=C0;;08=38203>A0

(42;0?0A0=24=34A

=C4B34>28=0A 0FLGIM=

:GJJ9LG<9KKMKAFKLJM;;AGF=K

DA0=C4;02>228P= 0F

LGIM=<=LA=F=L=EHGJ9DE=FL=

=DHJG;=KG<=;G;;AYF*LJG

LGIM=;9F;=D9LG<9KKMK

AFKLJM;;AGF=KQD9@GJ9<=D

<W99H9J=;==FD9H9FL9DD9

/J9K9BMKL9J=DHJG?J9E9

<=;G;AF9HMDK=MF9N=R

H9J9IM==D@GJFG

=EHA=;=9GH=J9J.AK=

9:J=D9HM=JL9GK=HMDK9

D9L=;D9<=$0DB0

0=24;0A MF9N=R<MJ9FL=

MF9GH=J9;AYFHMDK=D9

L=;D9<==24=34A <=

FM=NGH9J9J=AFA;A9J=D

@GJFG

/=;D9KFMEVJA;9K

 DH9F=D=K;GFLJGD<=D

)).).)2

.)..).LA=F=

D9EAKE9<AKHGKA;AYF<=

L=;D9K

$+84+88$+84+88IP<%=JJQ+9?=



'46DA>$0A0"8O>B

&4;>9

94<?;>$0A009DBC0A0<>?<



\+J=KAGF=A>=P<4CA>

&4;>9N=;=K

 HMFLG;GEA=FR99

H9JH9<=9J



\!AB=D9@GJ9;GJJ=;L9

<=D<W9

 9H9J=;==FD9

H9FL9DD9AF<A;9<GJ9



\+J=KAGF=A>=P<4CA>

&4;>9N=R

 HMFLG<=B9<=

H9JH9<=9J'9@GJ9

=KLUAF?J=K9<9Q

M:A;9<9=FD9

H9FL9DD9AF<A;9<GJ9

"#('

+9J9J=AFA;A9J=DJ=DGB-=H=LAJ=DH9KG

@9KL9=D

 D-=DGBK=?MAJUE9J;9F<GD9@GJ9

KA=EHJ=IM=KA?9J=;A:A=F<G

9DAE=FL9;AYF=DV;LJA;9

 D-=DGBNAKM9DAR9=D@GJ9JAGFGJE9D

:9K9<G=FD9K@GJ9KFGMLADAR9=D

@GJ9JAGEADAL9J

 D@GJFGFG>MF;AGF9JUEA=FLJ9KDGK

<GKHMFLGK=KLVFH9JH9<=9F<G

KL9>MF;AYF=NAL9D9GH=J9;AYF<=D@GJFG

@9KL9IM=K=;9F;=D9)G9K=?MJ9D9

HM=JL9

$0A002C8E0A

\ +J=KAGF==24=34A 

N=;=K_@AD<`

9H9J=;=JU=FD9

N=FL9F9<=

NAKM9DAR9;AYF

@AD<K=

E9FL=F<JU@9KL9

IM==DK=?MJG<=

FAXGKK=9

;9F;=D9<G+M=<=

HJ=KAGF9JK=

;M9DIMA=JL=;D9

H=JG=D@GJFGFG

;GE=FR9JU9

>MF;AGF9J

$0A020=24;0A

\ +J=KAGF=$0DB0

0=24;0A N=;=K

 '91=FL9F9<=

1AKM9DAR9;AYF

J=?J=K99DGK<GK

HMFLGKGD9@GJ9

;M9F<G=DK=?MJG<=

FAXGK@9KA<G

;9F;=D9<G

S*0<>B04<?4I0A0

DB0ABD7>A=>



\ F;@M>==FMF9LGE9

=DV;LJA;9<=:A<9E=FL=

;GF=;L9<99LA=JJ9

KL=@GJFG

9MLGEULA;9E=FL=

9BMKL9=DKAKL=E9

AF?DVK<=E=<A<9



\+J=KAGF==24=34A

H9J9;GFN=JLAJ=D

KAKL=E9<=E=<A<9

1=JA>AIM=KMK=D=;;AYF

=FD9N=FL9F9<=

NAKM9DAR9;AYF



\ +J=KAGF=

$0DB00=24;0A

 GKHMFLGK9H9J=

;=JUF=FD91=FL9F9

<=1AKM9DAR9;AYF

1=FL9F9<=

1AKM9DAR9;AYF

.A<=K=9MK9J

?C?

"#(

.=HM=<=;GF>A?MJ9JD9>MF;AYF<=

_.=?MJGH9J9FAXGK`;M9F<GD9

NAKM9DAR9;AYFEM=KLJ9<GKHMFLGKG

LA=EHG<=D<W9

$+84+88$+84+88IP<%=JJQ+9?=



$0A0B4;4228>=0A$>C4=280

H(84<?>342>228P=

"#('

+9J9D9;G;;AYF<=EUK<=MF9=L9H9

J=H=LAJDGKH9KGKQH9J9;9<9=L9H9

<=;G;;AYF9FL=K<=HJ=KAGF9JD9L=;D9

=24=34AM9F<G=KL9>MF;AGF9F<G

KGF9JUF<GK_:AHK`=FLJ=;9<9=L9H9<=

D9HJG?J9E9;AYF.GF9JUF_:AHK`9D>AF9D

<=LG<9D9K=;M=F;A9

M9F<GK=K=D=;;AGF9D9HGL=F;A9+

'/*H9J9D9HJAE=J9=L9H9HG<JU

=EH=R9J=F=DH9KG

M9F<GK=D=;;AGF=)AN=D<=HGL=F;A9

'/*=DEUPAEGLA=EHGHJG?J9E9:D=

=K<=EAFMLGK+9J9GLJGKFAN=D=K<=

HGL=F;A9=DLA=EHGEUPAEG=K

EAFMLGKQK=?MF<GK

+9J9=DJ=;9D=FL9EA=FLGMLADAR9J+

'/*H9J9DWIMA<GK+( $*'/*

H9J9D9E9QGJW9<=DGK9DAE=FLGKQ+

( $*H9J9DGK9DAE=FLGK<=FKGK

+9J9<=K;GF?=D9EA=FLG+( $*%*

">B>1A42>28=4;>B0;8<4=C>B KL=@GJFG

J=IMA=J=E=FGKLA=EHGH9J9;G;AF9JIM=D9K

MFA<9<=KNA=B9K.G:J=;G;AF9JHM=<=

G;9KAGF9JIM=DGK9DAE=FLGKK=K=IM=FQ

HM=<=;9MK9J>M=?G'9HGL=F;A9<=

;G;;AYF<=D@GJFG<=EA;JGGF<9KD=AF<A;9F

D9;9FLA<9<<=HGL=F;A9<=EA;JGGF<9K

<AKHGFA:D=H9J9;G;AF9J

94<?;>$0A02>28=0A4=$3DA0=C4

<8=DC>B46D=3>B



\+J=KAGF=D9L=;D9<=

HGL=F;A9@9KL9IM==D

FAN=D<=HGL=F;A9

<=K=9<G9H9J=R;9=F

D9N=FL9F9<=

NAKM9DAR9;AYF



\.=D=;;AGF==DLA=EHG

<=;G;;AYF



\ +J=KAGF=""&

 DLA=EHG<=;G;;AYF

9H9J=;=Q=EHA=R9

D9;M=FL9J=?J=KAN9

+J=KAGF=N=;=K

+MDK=

N=R

N=;=K

N=;=K

N=;=K

N=;=K

N=;=K

N=;=K

N=;=K

N=;=K

N=;=K

)AN=D<=+GL=F;A9

+'/*

+

+

+( $*'/*

+( $*

+

+

+( $*%* .

+

+%*

"#('

+9J9MLADAR9JGLJGKFAN=D=K<=HGL=F;A9

HJ=KAGF9J<=FAN=D<=+GL=F;A9Q9

;GFLAFM9;AYFEAFMLG9MLGEULA;G

.AMLADAR9!8=DC>DC><LC82> FGHG<JU

MLADAR9JL=;D9K<=FMEVJA;9K

'9L=;D9<=!8=DC>DC><LC82> HM=<=

K=JMLADAR9<9H9J99?J=?9JEUKLA=EHG

<MJ9FL=D9;G;;AYFE9FM9D

!8=DC>DC><LC82>

KL9>MF;AYFD=H=JEAL=9BMKL9JQG9X9<AJ

LA=EHGK<=;G;;AYF>U;ADE=FL==FEZDLAHDGK

<=MFEAFMLG

$0A0B4;4228>=0AC84<?>342>228P=



\.=D=;;AGF=(AFMLG

MLGEULA;G@9KL9

K=D=;;AGF9J=DLA=EHG

<=K=9<G<=;G;;AYF

@9KL9EAFMLGK

9H9J=;==FD9N=FL9F9

<=NAKM9DAR9;AYF D

FAN=D<=HGL=F;A9HJ=

K=D=;;AGF9<G=K+



\+J=KAGF==24=34A

$FA;A9D9;G;;AYFQ=D

LA=EHG=EHA=R99

LJ9FK;MJJAJD>AF9D<=D9

;G;;AYFKGF9JUF

_:AHK`

!0=C4=4A0;84=C4

KL9;9J9;L=JWKLA;9H=JEAL=E9FL=F=J

;9DA=FL=DGK9DAE=FLGK<=KHMVK<=

EAFMLGK<=;G;AF9J

94<?;>$0A0<0=C4=4A20;84=C4B

C0I0B34B0;B0?>A<8=DC>B



\+J=KAGF=D9L=;D9<=

(9FL=F=J9DA=FL=



\.=D=;;AGF==DLA=EHG<=

;9D=FL9EA=FLG=F@9KL9

EAFMLGKMLADAR9F<G

D9KL=;D9KFMEVJA;9K



\ +J=KAGF==24=34A

 (9FL=F=J9DA=FL=

AFA;A9JU DLA=EHG

=FD9N=FL9F9<=

NAKM9DAR9;AYF

=EH=R9JU=D;GFL=G

"#(

'9>MF;AYF<=(9FL=F=J;9DA=FL=HM=<=

K=JHJG?J9E9<9;GEGH9KG>AF9D<=KHMVK

<=IM==DLA=EHG<=;G;;AYF@9KA<G

E9FM9DE=FL=HJG?J9E9<G KL9FGHM=<=

K=JMLADAR9<9=F;GE:AF9;AYF;GF>MF

;AGF=K<=K=FKGJG9MLGEULA;9K

$+84+88$+84+88IP<%=JJQ+9?=



$0;><8C0B34!0NI

"#('$&$ #!('!Y.

 G;AF=MF9:GDK9<=H9DGEAL9K9D9N=R

+GF?9D9:GDK9=F=DAFL=JAGJ<=D@GJFG

<=9;M=J<G9D9KAFKLJM;;AGF=K<=D

>9:JA;9FL=

$FA;A=9;G;AF9JD9KH9DGEAL9K9D9

L=EH=J9LMJ99E:A=FL=

+=JEAL9IM=D9KH9DGEAL9K<=E9WR

HJ=H9J9<9KH=JE9F=R;9F;=JJ9<9KHGJ

MFGKEAFMLGK

:J9D9:GDK9;MA<9<GK9E=FL=H9J9

HJ=N=FAJIM=E9<MJ9K=DN9HGJHM=<=

K9DAJ

 )GJ=;9DA=FL=D9KH9DGEAL9KIM=FGK=

@A;A=JGFFANM=DN99MK9JD9K:GDK9K

"#(

.A=DH9IM=L=<=H9DGEAL9K=K<=MFH=KG

<A>=J=FL=9DDAKL9<GKA?9D9KAFKLJM;;AGF=K

IM=9H9J=;=F=F=DH9IM=L="D=203494

4;?0@D4C434B0C4=383> +9J==D@GJFG

;M9F<GD9KH9DGEAL9KL9J<9F=F=KL9DD9J<=

K=?MF<GK9K=?MF<GK.G:J=;G;AF9J

HM=<=;9MK9JMFAF;=F<AG

"#(

M9F<GK=HJ=H9J=FN9JA9K:GDK9KMF9LJ9K

GLJ9=DLA=EHG<=HJ=H9J9;AYFHM=<=N9JA9J

DA?=J9E=FL= KLGFG9>=;L99DJ=KMDL9<G<=

D9KH9DGEAL9K

94<?;>$0A02>28=0A634

?0;><8C0B34<0NI



\+J=KAGF=D9L=;D9<=

H9DGEAL9K<=E9WR@9KL9

IM==DH=KG<=K=9<G

9H9J=R;9=FD9N=FL9F9

<=NAKM9DAR9;AYF



\N=9D9>MF;AYF<=

!LB!4=>B

* HU?AF9



\ +J=KAGF=""&

 /J9KN9JAGK

K=?MF<GKK=

EM=KLJ9=DLA=EHG<=

HJ=H9J9;AYF=FD9

N=FL9F9<=

NAKM9DAR9;AYFQ

;GEA=FR99

LJ9FK;MJJAJ=DLA=EHG

+J=KAGF=N=R

+J=KAGF9J

N=R

N=;=K

N=;=K

+=KG

?GR

?GR

?GR

*H;AGF9D

D=28P=!LB!4=>B

$0A0$0;><8C0B34!0NI

0LADAR9F<GD9>MF;AYF<=!LB!4=>BDGKHJG?J9

E9KH9J9;G;AF9JH9DGEAL9KHM=<=FK=J9BMKL9<GK

HGJEUKD9J?GG;GJLGLA=EHGKAK=<=K=9

?J=?9LA=EHG

(UK?J=?99HJGPAE9<9E=FL=K=?MF<GK

(UK?J=?99HJGPAE9<9E=FL=K=?MF<GK

-=<M;=LA=EHG

(=FGK-=<M;=9HJGPAE9<9E=FL=K=?MF<GK

(=FGK-=<M;=9HJGPAE9<9E=FL=K=?MF<GK

+J=KAGF=D9L=;D9!LB!4=>B 9FL=K<=HJ=KAGF9J=24=34A

$0A04;&420;4=C0<84=C>>228P=?>AB4=B>A

'9KHJ=>=J=F;A9KH9J9=DHMFLG<=;G;;AYFN9JW9F<=

9;M=J<G9D9H=JKGF9'M=?G<=MLADAR9JD9>MF;AYF<=

&420;4=C0<84=C>>228P=?>AB4=B>A 9D?MF9K

N=;=KHG<JU<=;A<AJKAHJ=>A=J=IM=KM;GEA<9K=9

;G;AF9<9=FMFHMFLG<=;G;;AYF<A>=J=FL=

?J=?9LA=EHG

(UK?J=?99HJGPAE9<9E=FL=<=LA=EHG

-=<M;=LA=EHG

(=FGK-=<M;=9HJGPAE9<9E=FL=<=LA=EHG

+J=KAGF=D9L=;D9!LB!4=>B 9FL=K<=HJ=KAGF9J=24=34A

$+84+88$+84+88IP<%=JJQ+9?=



4B2>=64;028P=(DA1>=E4AC4A

KL9>MF;AYFD=H=JEAL=<=K;GF?=D9J;9JF=HJG<M;LGK9NW;GD9KQH=K;9<G;GFKYDG

AFLJG<M;AJ=DH=KG

GDGIM=D9;GEA<9=FMFHD9LG9<=;M9<G

H9J9=DMKG<=EA;JGGF<9K

94<?;>$0A034B2>=64;0A:63420A=4



\+J=KAGF=D9L=;D9<=

=K;GF?=D9;AYF/MJ:G

$FN=JL=J



\$FLJG<M;AJ=DH=KG

MLADAR9F<GD9KL=;D9K

<=FZE=JG



\+J=KAGF=""&

DLA=EHG<=

<=K;GF?=D9<G9H9J=;=

Q=EHA=R9D9;M=FL9

J=?J=KAN9D9EAL9<

<=D<=K;GF?=D9EA=FLG

;M9F<GKM=F=:AH

HU?M=DGJ=9;GEG<=

D9;GEA<9J=EM=N9

D9KUJ=9K

<=K;GF?=D9<9KG

HJGLVB9D9K;GFDUEAF9K

<=H9H=D9DMEAFAG

(01;034>=E4AB8P=

.A?9D9L9:D9H9J9;GFN=JLAJGFR9KG

;A=FLGK<=MF9DA:J9=F<V;AEGK<=MF9

DA:J9+9J9MLADAR9JD9=K;GF?=D9;AYF

/MJ:G$FN=JL=JAF?J=K==DH=KG<=DGK

9DAE=FLGK=FDA:J9KQ<V;AEGK<=

MF9DA:J9.AMF9HA=R9<=;9JF=

H=K9DA:J9KGDA:J9GFR9K

AF?J=K=DA:J9K

*FR9K





















=FLVKAEGK<=

MF9DA:J9





















V;AEGK<=

MF9DA:J9





















>=B49>BH(M2=820B344B2>=64;028P=

$A4?0A028P=?0A0>=64;0A

GF?=D9J;9JF=K;9JF=<=9N=QH=K;9<G=FH9IM=L=K;GFKYDG;9H9G;9H9K

<=9DAE=FLGKGDG;9JH9H=D=F;=J9<G=FLJ=D9K;9H9K

 EH9;9J=F=FNGDLMJ9K<=HDUKLA;GJ=KAKL=FL=K=LAIM=L9<9K_+9J9GF?=D9<GJ`G

H9H=D;GF?=D9<GJ

-=EGN=JL9FLG9AJ=;GEGK=9HGKA:D=

GDGIM==DK=DDG<=K=?MJA<9<;GF>=;@9Q=LAIM=L9

$0A04B2>=64;0A

,MAL9JD9=FNGDLMJ9 KLG9QM<99IM=D9@ME=<9<K==N9HGJ='GKBM?GK<=DGK

9DAE=FLGKHM=<=F;9D=FL9JK=Q;G;AF9JDGK9DAE=FLGK

GDG;9JDGK9DAE=FLGK=FMFHD9LG9<=;M9<GH9J9MKG<=EA;JGGF<9K

GDG;9J=DD9<G<=D9?J9K9<=D9K9<G@9;A99:9BGGDG;9J=DD9<G<=D9H=;@M?9<=D

9N==FL=J9@9;A99:9BG

.=D=;;AGF9JHGL=F;A9QLA=EHGEWFAEGH9J9IM==KLGK9DAE=FLGK<=:9BGK=9F

<=K;GF?=D9<GK

J=F=DGKDWIMA<GK<MJ9FL==D<=K;GF?=D9EA=FLG

1GDL==DGK9DAE=FLGK<MJ9FL==D<=K;GF?=D9EA=FLG

+JGL=B9:GJ<=KQ=PLJ=EGKKA=KF=;=K9JAG1=9/V;FA;9K<=G;;AYF

4B?DMB344B2>=64;0A

'GK9JLW;MDGK?J9F<=KHM=<=F=KL9J;GF?=D9<GK<=D;=FLJG'9<=K;GF?=D9;AYFK=JU

;GEHD=L9<9<MJ9FL==D/$ (+* - +*.*

-=HGKG;M:A=JL9AFKLJM;;AGF=K<=KHMVK<=DLA=EHG<=J=HGKG=FHU?AF9

 FBM9?M=DGK9DAE=FLGK;GEGK=AF<A;9=F=D;M9<JG

JLW;MDGKIM=@9FKA<G;GDG;9<GK=F;9H9K<=:=JUFK=J=FBM9?9<GKHGJK=H9J9<GG

L=F=JE9QGJLA=EHG<=J=HGKG

"#( DH=KGEUPAEGH9J9=DMKG<=D

=K;GF?=D9<G/MJ:G$FN=JL=J=K<=C?DA:J9K

$+84+88$+84+88IP<%=JJQ+9?=



>=B49>BH(M2=820B34

4B2>=64;028P=

(continuación)

(84<?>34

34B2>=64;028P=

4B?DMB34;034B2>=64;028P=

;8<4=C> <8=:6 DA0=C4;034B2>=64;028P=

(84<?>34 =9D060A

$

A4?>B> 06D05AN0

$4B203>H!0A8B2>

6@9KL9C?DA:J9K7

9JF=<=9F?J=BG  -GEH=JQK=H9J9J-=GJ<=F9J

AKL=;K<=+=K;9<G 9 9JD9NM=DL9

EAFMLGK .W

!AD=L=K<=+=K;9<G 9

9JD9NM=DL9-=GJ<=F9J+JGL=?=J=PLJ=EGK

-9;AGF=KHJ=H9J9<9K 9

.=H9J9J PLJ9=JLJGRGK;GF?=D9<GK

+=K;9<G=FL=JG 9 9JD9NM=DL9

0A=4

9JD9NM=DL9 PLJ9=JH9JL=<=K;GF?=D9<9

9JF=(GDA<9 9

+JGL=?=J:GJ<=K

EAFMLGK

K9<GK 9 9JD9NM=DL9+JGL=?=J=PLJ=EGKQ EAFMLGK

6C?



D:K7

KMH=J>A;A=<=K;GF?=D9<9 =F>JA?GJW>A;G

@MD=L9KAKL=; 9 9JD9NM=DL91GDN=J9GJ<=F9J

+JGL=?=J=PLJ=EGKQKMH=J>A;A=<=K;GF?=D9<9

GKLADD9K/:GF= 9 9JD9NM=DL91GDN=J9GJ<=F9J

+JGL=?=J=PLJ=EGKQKMH=J>A;A=<=K;GF?=D9<9

EAFMLGK )G

9JF=<=G;A<G 9 .=H9J9J1GDN=J9GJ<=F9J

PLJ9=JH9JL=K<=K;GF?=D9<9K

#W?9<G 9 PLJ9=J=DDWIMA<G9JD9NM=DL9

;GJL9<G>AF9E=FL= .=H9J9JHA=R9K

/G;AFGJ=:9F9<9K  9JD9NM=DL9 

0A=434E4

+GDDG=FL=JG 9 9JD9NM=DL9+JGL=?=J EAFMLGK

6@9KL9C?DA:J9K7 =F>JA?GJW>A;G

GJL=K 9 .=H9J9J9JD9NM=DL9

PLJ9=JH9JL=K<=K;GF?=D9<9K

EAFMLGK

/JGRGK 9 .=H9J9J9JD9NM=DL9+JGL=?=J

N=K<=9R9 9 9JD9NM=DL9+JGL=?=J

EAFMLGK

+=;@M?9<=+9NG  9JD9NM=DL9+JGL=?=J EAFMLGK

6C?D:K7

=F>JA?GJW>A;G

$+84+88$+84+88IP<%=JJQ+9?=



"#('

0ID4;0B X9<AJ<=;M;@9J9<9K9

;M;@9J9<9K<=DWIMA<G;M:JAJ;GFMF9

L9H9G;GFMF=FNGDLGJAG<=HDUKLA;G

-=EGN=J;M9F<GKM=F=FDGK:AHK

;8<4=C>B=E0B03>B 19;A9J=D

;GFL=FA<G=FMF9;9RM=D9G=FMF

;M=F;G;M:JAJ=DJ=;AHA=FL=;GFMF9L9H9

G;GFMF=FNGDLGJAG<=HDUKLA;G=KHMVK

<=;9D=FL9JJ=LAJ9J=D=FNGDLGJAG<=

HDUKLA;GQ<=B9JJ=HGK9J

$;0C>34><830 GDG;9JD9;GEA<9=F

MFHD9LG;M:JAJ;GFE9FL=IMADD9K9DK9

=L;=KHMVK<=;9D=FL9JJ=LAJ9J=D

=FNGDLGJAG<=HDUKLA;GQ<=B9JJ=HGK9J

.=?MAJDGK;GFK=BGKH9J9D9;G;;AYF;GF

K=FKGJ9<=EUK<=DGK;GFK=BGK9:9BG

AF<A;9<GK

"#

 )*;9D=FL9JH9FG9DAE=FLGK<=

H9KL=D=JW90LADAR9JD9HGL=F;A9Q=D

;JGFYE=LJGE9FM9DH9J9=KLGK

9DAE=FLGK

 )*;9D=FL9J9DAE=FLGK;JM<GKGFG

;G;AF9<GK

 )*MLADAR9JKA=D@GJFG=KLU;9DA=FL=

 )*MLADAR9JH9J9:=:A<9K

 )*MLADAR9JH9J99DAE=FLGK;GF?=D9<GK

KL9>MF;AYFD=H=JEAL=J=;9D=FL9J<=MF9

9;M9LJGHGJ;AGF=K<=9DAE=FLGKJ=>JA?=J9

<GKKAF9BMKL9J=DLA=EHGFAHGL=F;A9 D

@GJFGDG@9;=LG<GHGJMKL=<

"('<=;9D=FL9J;G;AF9J

 '9L=EH=J9LMJ99E:A=FL=<=D9@9:AL9;AYF

<GF<=K==F;M=FLJ9=D#GJFG<=:=K=JE=FGJ

9[[!

 DH=KG<=DGK9DAE=FLGKHM=<==P;=<=J

?GFR9K

 K=?ZJ=K=IM=D9:9F<=B9<=;JAKL9DD9H9JL=

=PL=JAGJ<=DGK;GFL=F=<GJ=KH9J9;G;AF9JQ

<=FLJG<=D@GJFG<=EA;JGGF<9KK=

=F;M=FLJ=FK=;GK9FL=K<=;GDG;9JD9;GEA<9

=F=D@GJFG'GKJ=KA<MGK<=@ME=<9<9D;GF

N=JLAJK==FN9HGJHM=<=F=F?9X9J=D K=FKGJ

 M:J9DGK9DAE=FLGK;GFL9H9G;GFHDUKLA;G

9MLG9<@=JA:D=N=FLAD9<G)MF;9MK=

;GFL=F=<GJ=KHDUKLA;GKK=DD9<GK>M=JL=E=FL=]

=KLGKHJ=NA=F=FIM==DN9HGJ=K;9H=Q;9MK9

IM=DGK9DAE=FLGKK=KG:J=;G;AF=F

)&"( =D;9D=FL9EA=FLG;G;;AYF

)G9:J9D9HM=JL9<=D@GJFG@9KL9=DLVJEAFG<=D

;G;AF9<GGIM=KM=F=FDGK:AHK D@9;=JDG

HM=<=;9MK9JMF;G;AF9<GAF=P9;LGHM=KLGIM=

=DN9HGJ<=D9DAE=FLGFGH=JE9F=;=<=FLJG<=

D9;9NA<9<<=D@GJFG.AKM=F9FDGK:AHK=D

LA=EHG<=;G;;AYFJ=KL9FL=;GEA=FR9F9;GFL9J

J=?J=KAN9E=FL='9HM=JL9<=D@GJFGK=HM=<=

9:JAJH9J9J=NGDN=JH9J9<9JNM=DL9GH9J9

;9E:A9J9DGK9DAE=FLGK

'$)J'<=D;9D=FL9EA=FLG;G;;AYF

/G<GKDGK9DAE=FLGK<=:=FH=JE9F=;=J

;M:A=JLGK<MJ9FL=MF<=L=JEAF9<GLA=EHG

94<?;>$0A0A420;4=C0AD=?;0C>342><830



\+J=KAGF=D9L=;D9<=

&420;4=C0<84=C>?>A

'4=B>A



\N=J!MF;AYF

!LB!4=>B

*HU?AF9



\ +J=KAGF=""&

 EHA=R9D9;G;;AYF

D;G;AF9<G=KL9JU;GEHD=LG;M9F<GKM=

F=FDGK:AHKM9F<G=DN9HGJ=K

<=L=;L9<GHGJ=D.=FKGJ"=FAMKQ:AHK

KM=F=F=DLA=EHG<=;G;;AYFJ=KL9FL=

9H9J=;=JU=FD9N=FL9F9<=NAKM9DAR9;AYF

$0A0>1C4=4A<49>A4BA4BD;C03>B2>=

;05D=28P='4=B>A")'B860;0B

B86D84=C4BA42><4=3028>=4B

&420;4=C0<84=C>

?>A'4=B>A

*H;AGF9D

>228P=?>A

'4=B>A

KL9>MF;AYF<=DK=FKGJD=H=JEAL=;G;AF9J

;M9DIMA=J;9FLA<9<<=9DAE=FLGKHMDK9F<G

MF:GLYF D@GJFGDG@9;=LG<GHGJMKL=<

94<?;>$0A02>28=0A=CA030B>=64;030B





\ +J=KAGF=""&

 EHA=R9D9;G;;AYF

D;G;AF9<G=KL9JU;GEHD=LG;M9F<GKM=

F=FDGK:AHKM9F<G=DN9HGJ=K

<=L=;L9<GHGJ=D.=FKGJ"=FAMKQ:AHK

KM=F=F=DLA=EHG<=;G;;AYFJ=KL9FL=

9H9J=;=JU=FD9N=FL9F9<=NAKM9DAR9;AYF

\+J=KAGF=@9KL9IM==D

9DAE=FLG<=K=9<G

9H9J=R;9=FD9

H9FL9DD9



\N=J!MF;AYF

!LB!4=>B

*HU?AF9

+J=KAGF=N=;=K

*HLAGF9D

$+84+88$+84+88IP<%=JJQ+9?=



(01;034>228P=2>='4=B>A

&424C0 $>A28P=$4B> >=B49>B

4A40;





L9R9

?

GDGIM=D9@9JAF9<=9N=F9=FMFL9RYFH9J9

K=JNAJ9HLGH9J9EA;JGGF<9KKAFL9H9.A?9D9K

AFKLJM;;AGF=K<=D>9:JA;9FL=H9J9HJ=H9J9JMF9

JUHA<99N=F9

'0;278270 =FD9;=K

.=?MAJD9KAFKLJM;;AGF=K<=D>9:JA;9FL=H9J9D9

HJ=H9J9;AYF<=D9KK9D;@A;@9K

HJ=;G;AF9<9KGDG;9J<=>GJE9J9<A9D

#<4;4C @M=NGK

.=?MAJD9J=;=L9:UKA;9H9J9LGJLADD9<=D9

H9?AF9

'>?0

L9R9K

ED

1=JL=JD9KGH9=FMFJ=;AHA=FL=H9J9EA;JGGF<9K

M:JAJDA?=J9E=FL=;GFD9L9H9GH=DW;MD9HDUKLA

;9H=J>GJ9<9-=NM=DN9<=KHMVK<=;G;AF9J

=CA030B

>=64;030B

?

GR

.A?9D9KAFKLJM;;AGF=K<=D>9:JA;9FL=H9J9D9

HJ=H9J9;AYF=KHMVK<=LGFGKJ=NM=DN9G

;9E:A=/=F?9;MA<9<G9DIMAL9JD9;M:A=JL9<=

D9H=DW;MD9<=KHMVK<=;G;AF9JDVB=DG<=MKL=<

9DIMAL9JD9;M:A=JL9H9J9=NAL9JIM=E9<MJ9K<=

N9HGJ.A=KF=;=K9JAGLA=EHG9<A;AGF9D

;GFLAFZ=;G;AF9F<GE9FM9DE=FL=

$8II02>=64;030

8=38E83D0;

?

GR

.=?MAJD9KAFKLJM;;AGF=K<=D>9:JA;9FL=?J=?M=

EUKLA=EHG<=;G;AF9<GKA=KF=;=K9JAG

$0?0B

H9L9L9K

?

GR;9<9MFG

+=J>GJ=;9<9H9H9;GFMFL=F=<GJN=;=K

9DJ=<=<GJ<=LG<9D9KMH=J>A;A=GDGIM=D9H9H9

MFGGH9H9K9DJ=<=<GJ<=D:GJ<=<=DHD9LG?AJ9

LGJAG9DAF=9<G<=MF9LG9DD9<=H9H=DHGJDG

E=FGK9HMD?9<9;E<=<AKL9F;A9)G

;M:JAJ1GDL==<=KHMVK<=:==HKVB=DG

=KL9JEAFMLGKH9J9;GEHD=L9JD9;G;;AYF

*464C0;4BA4B2>B

?

GR

/G<GKDGKLJGRGK<=:=FK=J<=DEAKEGL9E9XG

'9N=HJG>MF<9E=FL=9?J=?M=;M;@9J9<9<=

9?M9HGJ;9<9





L9R9<=N=?=L9D=KQ;M:J9KAF

;=JJ9J;GFD9L9H9GMF9=FNGDLMJ9<=HDUKLA;G

H=J>GJ9<9)G9?J=?M=K9DGE9FL=IMADD9@9KL9

<=KHMVK<=;G;AF9J

*464C0;4B

>=64;03>B

?

GR

'9N=HJG>MF<9E=FL=9?J=?M=;M;@9J9<9<=

9?M9HGJ;9<9





L9R9<=N=?=L9D=KQ;M:J9KAF

;=JJ9J;GFD9L9H9GMF9=FNGDLMJ9<=HDUKLA;G

H=J>GJ9<9)G9?J=?M=K9DGE9FL=IMADD9@9KL9

<=KHMVK<=;G;AF9J)GK=J=;GEA=F<9H9J9

DGKN=?=L9D=K=FE9FL=IMADD9GK9DK9

 4=0

>=64;030

?

GR

.A?9D9KAFKLJM;;AGF=K<=D>9:JA;9FL=<=;M9F<G

HGF=JGJ=EGN=JD9KL9H9K)GMK=9DAE=FLGK

;GF?=D9<9K=EH9IM=L9<G=FHD9LG;GFH9H=D<=

9DMEAFAG=KHMVK<=LGFGKJ=NM=DN9G;9E:A=

$0BC0

?

GR

GDGIM=GR<=H9KL9;GFL9R9K<=9?M9<=D

?JA>G;9DA=FL==FMF9;9;=JGD99HL9H9J9EA;JGGF

<9K<=;M9JLGK9?J=?M=K9DQ9;=AL=KADG

<=K=9Q;M:J9;GFMF=FNGDLGJAG<=HDUKLA;G;GF

N=FLAD9;AYFG;GFMF9L9H9+9J9GR<=H9KL9

MLADA;=L9R9K<=9?M9H9J9GR<=H9KL9MLAD

A;=L9R9K<=9?M9=FMF9;9;=JGD9<=;M9J

LGKH9J9GR<=H9KL9MLADA;=L9R9K<=9?M9

8;4C4B34

?4B203>

?

  GR

)GEGFL9JMFGK>AD=L=KKG:J=GLJGKM:JAJ;GF

H=DW;MD9HDUKLA;9H=J>GJ9<9

$+84+88$+84+88IP<%=JJQ+9?=



&424C0B34!82A>>=30B

#! ((#&( 

&+%!$&

 ;M;@9J9<9<=E9FL=IMADD9GE9J?9JAF9

 @M=NGK

 ;M;@9J9<9K<=D=;@=

K9DQHAEA=FL9F=?J9KA9KWK=<=K=9

9D=FL9JE9FL=IMADD9<=HMD?9<9K<=DHD9LG

<=DHA=K=?MF<GK=F+GL=F;A9+G

@9KL9<=JJ=LAJD9"AJ==DHD9LGH9J9;M:JAJ

LG<G=D>GF<G;GFE9FL=IMADD9(A=FLJ9K

L9FLG;GE:AF==DJ=KLG<=DGKAF?J=<A=FL=K

=FMFL9RYFK=H9J9<G:9L9LG<GQ;GDYIM=DG

=F=DHD9LG<=DH9QG;AF=;M:A=JLG;GF

HDUKLA;G9MLG9<@=JA:D=N=FLAD9<GMLADA;=D9

K=D=;;AYF*( ' /=B==FJ=HGKG

EAFMLGKGFMF9=KHULMD99>DGB=DGK:GJ<=K

<=DGE=D=L<=DHD9LG<G:D==FH9J9K=JNAJ

.A=EHJ=MLADA;=@M=NGKJ=NM=DLGK

K=JNA;AG

/A=EHG9HJGPEAFMLGK

"#(<MHDA;9JD9;9FLA<9<<=AF?J=<A=FL=K

H9J9MFGE=D=LLGJLADD9<=@M=NGK

)'#

%&$ 

 CADG<=L=JF=J9HA;9<9

 ?<=?MAK9FL=K;GF?=D9<GKQ9

<=K;GF?=D9<GK

 ?<=;=:GDD9HA;9<9

 ;M;@9J9<9KGH=J9<=;9D<G<=;9JF=



 ;M;@9J9<9H=IM=X9<=;MJJQ=FHGDNG



 ;M;@9J9<9H=IM=X9<=K9D



 ;M;@9J9<9H=IM=X9<=HAEA=FL9F=?J9

EGDA<9

 ?<=HMJV<=H9H9

FMF9;9;=JGD9;M9JLGKJ=NM=DN9=D

>GF<G<=D9;9JF=Q;G;AF9HGJEAFMLGK]

EAFMLGK9+GL=F;A9+G@9KL9IM=D9;9JF=

=KL=;G;A<9J=EM=N9<GKN=;=K?J=?9J=D

J=KLG<=DGKAF?J=<A=FL=K=P;=HLGD9KH9H9K

-=EM=N9:A=FQ<=KHMVKMFL=

MFA>GJE=E=FL=D9KH9H9KMFA>GJE=E=FL==F

D9H9JL=<=9JJA:9M:JAJ;GFMF9L9H9G

HDUKLA;G9MLG9<@=JA:D=N=FLAD9<GQ;G;AF==F

+GL=F;A9+HGJEAFMLGK]EAFMLGK

.=JNA;AGK

$$! %! #'%!

 ?<=E9FL=IMADD9

 ;M;@9J9<9KKGH=J9K<=;=:GDD9HA;9<9

 <A=FL=<=9BGHA;9<G

 ?<=@9JAF9

 ;M;@9J9<9H=IM=X9<=EGKL9R9K=;9

 ;M;@9J9<9H=IM=X9<=K9D



 ;M;@9J9<9H=IM=X9<=HAEA=FL9F=?J9

EGDA<9

 ED<=D=;@=

 ?<=IM=KG;@=<<9JJ9DD9<G

 ?<=E9;9JJGF=K@=JNA<GKQ;GD9<GK

 ?<=H9FEGDA<G

 ;M;@9J9<9H=IM=X9<=HAEA=FLG<MD;=

FMF9;9;=JGD9;M9JLGK<=JJ=LAJD9

E9FL=IMADD9HGJK=?MF<GK9HGL=F;A9

+?J=?M=;=:GDD9Q9BGQ;G;AF=HGJ

EAFMLG9+GL=F;A9+-=NM=DN9=F@9JAF9

EGKL9R9K9DQHAEA=FL9Q?J9<M9DE=FL=

9?J=?M=D=;@=G;AF=HGJEAFMLGK]

EAFMLGK=FHGL=F;A9+@9KL9IM=D9K9DK9

=KH=K=J=EM=N9MF9N=R?J=?M==D

IM=KG;@=<<9JJ=NM=DN99>GF<G1A=JL9Q

J=NM=DN9D9K9DK9=FDGKE9;9JJGF=K=FMF9

;9;=JGD9;M9JLGK?J=?M=9D>AF9DEA?9B9K

<=H9FQH9HJAC9M:J9;GFMF9L9H9G

HDUKLA;G9MLG9<@=JA:D=N=FLAD9<GG;AF==F

HGL=F;A9+HGJEAFMLGK]EAFMLGK

.=JNA;AGK

'%!$ *$$! %

 CADG<=;9JF=HA;9<9

 ;=:GDD9H=IM=X9HA;9<9



 HAEA=FLGN=J<=HA;9<G

 ?<=9HAGHA;9<G

 D9L9K?<=K9DK9<=LGE9L=

 ED<=9?M9

 ?<=;9J9;GD9KKAF;G;=J

 ;M;@9J9<9H=IM=X9<=H=J=BAD



 ;M;@9J9<9H=IM=X9<=K9D



 ;M;@9J9<9H=IM=X9<=HAEA=FL9F=?J9

EGDA<9

 ?<=IM=KG;@=<<9JJ9DD9<G

=KE=FM;=D9;9JF=HA;9<9=FMF9

;9;=JGD9;M9JLGKG;AF=HGJEAFMLGK]

EAFMLGK9HGL=F;A9+G@9KL9IM=D9

;9JF==KL=;G;A<9-=NM=DN9N=;=K

-=NM=DN9=F;=:GDD9HAEA=FL9Q9HAG

G;AF=HGJEAFMLGK]EAFMLGK9

+GL=F;A9+-=EM=N9;GF=DJ=KLG<=DGK

AF?J=<A=FL=K=P;=HLG=DIM=KGM:J9;GF

MF9L9H9GHDUKLA;G9MLG9<@=JA:D=N=FLAD9<G

G;AF==F+GL=F;A9+HGJEAFMLGK]

EAFMLGK-G;W==DIM=KGM:J9Q<=B==F

J=HGKGEAFMLGK

.=JNA;AGK

&,

 D9L9?<=9LZF<=K=;9<GQ

<=KEA?9<G



?<=>A<=GK@=JNA<GKQ=K;MJJA<GK

 D9L9?<=;J=E9<=;@9EHAXYF

 D9L9?<=;@9EHAXGF=K@=JNA<GKQ

=K;MJJA<GK

 H9IM=L=?<=?MAK9FL=K;GF?=D9

<GKQ9<=K;GF?=D9<GK

 ED<=D=;@=

 ?<=H9H9K>JAL9KLJALMJ9<9K

 ?<=IM=KG;@=<<9JJ9DD9<G

FMF9;9;=JGD9;M9JLGK;GE:AF=9LZF

>A<=GKKGH9;@9EHAXGF=K;@W;@9JGKQ

D=;@=E=R;D=:A=FM:J9;GFL9H9GHDUKLA;G

9MLG9<@=JA:D=N=FLAD9<GG;AF==FHGL=F;A9

+HGJEAFMLGK]EAFMLGKM:J9;GF

H9H9K>JAL9KQIM=KG<=KHMVK<=K=JNAJ

.=JNA;AGK

$+84+88$+84+88IP<%=JJQ+9?=



A>=P<4CA>

"#(

M9F<G;9<9=L9H9>AF9DA;=KGF9JUF

:AHK;GEGAF<A;9;AYFD>AF9D<=D

HJG?J9E9=D@GJFG@9JU:AHK

.AD9HM=JL9<=D@GJFG=K9:A=JL9<MJ9FL=

=D/A=EHG<=-=HGKG DJGFYE=LJG <=

G;AF9G=D;GEA=FRGL9J<WG=DLA=EHG

=FD9N=FL9F9<=NAKM9DAR9;AYFK=?MAJU

;GFL9F<G=DLA=EHG

 DLA=EHG<=J=HGKGQ;GEA=FRGL9J<WG

FGHM=<=FK=JHJG?J9E9<GK9FL=K<=

FAF?MF9>MF;AYF9MLGEULA;9 KL

HJ=NA=F=IM==DAFA;AG<=L=EH=J9LMJ9<=

DGK9DAE=FLGK<=9FL=K<=<=K;GF?=D9JG

9D;GEA=FRG<=D9;G;;AYF0F;9E:AG

=FD9L=EH=J9LMJ9<=AFA;AGHM=<=

;9MK9JJ=KMDL9<GKAF9HJGHA9<GK

$&)Z"

'8;0;L<?0A034;7>A=>4BCL4=24=3830

2D0=3>B44BCLDC8;8I0=3>4;2A>=P<4CA>4;

7>A=>4BC0?A>6A0<03>8=2>AA42C0<4=C4

4C4=604;7>A=>8=<4380C0<4=C4HED4;E0

0;44A;0B8=BCAD228>=4B

KL9;9J9;L=JWKLA;9D=H=JEAL=HJG?J9E9J

=DLA=EHG<=KHMVK<=IM=D9;G;;AYF@9

KA<G;GEHD=L9<9QHJG?J9E9J=D@GJFG

;GFMFLA=EHG<==KH=J9QGMF;GEA=FRG

L9J<WG

$0A0DB0A2><>2A>=P<4CA>

4=;02>28=0

94<?;>$0A02>=C0A<8=DC>B



\+J=KAGF=A>=P<4CA>

&4;>9N=R



\$F<AIM=D9;9FLA<9<<=

LA=EHG@9KL9

EAFMLGKQ

K=?MF<GK



\ +J=KAGF==24=34A

 DJGFYE=LJG

J=9DAR9JUD9;M=FL9

J=?J=KAN9)GK=

J=9DAR9JUFAF?ZFLAHG

<=;G;;AYF

$0A05890AD=C84<?>34

4B?4A0>C84<?>34A4?>B>

94<?;>$0A02>28=0A2>=;0?>C4=280

$?>A<8=DC>B2>=D=

C84<?>34A4?>B>34<8=DC>B



\$F<AIM==DHJG?J9E9

<=;G;;AYF<=K=9<G

N=JHU?AF9H9J9

AFKLJM;;AGF=K

\.=D=;;AGF==DLA=EHG

<=K=9<G<=;G;;AYF

MLADAR9F<GD9KL=;D9K

FMEVJA;9K





\+J=KAGF=A>=P<4CA>

&4;>9N=R



\$F<AIM=D9;9FLA<9<<=

LA=EHG@9KL9

EAFMLGKQ

K=?MF<GK



\ +J=KAGF==24=34A

 =KHMVK<=D9

;G;;AYF=DLA=EHG<=

J=HGKG=EH=R9JU9

;GFL9J=F>GJE9

<=K;=F<=FL=KAF

IM==D@GJFG=KLV

>MF;AGF9F<G

+J=KAGF=N=;=K

$0A0?A>6A0<0AD=2><84=I>

C0A3N>

94<?;>$0A0A4CA0B0A4;2><84=I>?>A

<8=DC>BH2>28=0A0;0

$>C4=280$?>A<8=DC>B



\.=D=;;AGF==DHJG?J9E9

<=;G;;AYFN=J

HU?AF9H9J9

AFKLJM;;AGF=K

\.=D=;;AGF==DLA=EHG

<=K=9<G<=;G;;AYF

MLADAR9F<GD9KL=;D9K

FMEVJA;9K



\+J=KAGF=A>=P<4CA>

&4;>9N=R



\$FLJG<MR;9D9;9FLA<9<

<=LA=EHG<==KH=J9

IM=K=<=K=9MLADAR9F<G

D9KL=;D9KFMEVJA;9K

@9KL9EAFMLGKQ

K=?MF<GK





\ +J=KAGF==24=34A

 M9F<G=DLA=EHG

<=EGJ9<G;GEA=F;=

;GFD9;M=FL9

J=?J=KAN9QVKL=

@9Q9>AF9DAR9<GD9

;G;;AYFAFA;A9JU

+J=KAGF=N=;=K

$+84+88$+84+88IP<%=JJQ+9?=



>=B49>B&L?83>B

 !"(#' $#(" (!$# "'(&)#"'

(>28=>'4?0A03>

+

K ,MAL=D9=FNGDLMJ9=KHMVK<=;9D=FL9JMK=

DA:J9?

'/*

MF9=KHULMD9<=HDUKLA;GH9J9K=H9J9JD9K

J=:9F9<9K

IQ20A!>A4=0

+

K9K GDGIM=L9R9<=9RZ;9JEGJ=F9?=F

'D0E8I030

'/*

=DHD9LG;GFMF9J=:9F9<9<=H9FGMFLJGRG

L9R9ED <=E9FR9F9M:J9;GF=FNGDLMJ9HDUKLA;9

$0A001;0=30A;0!0=C4@D8;;0



+

 -=LAJ9J=D=FNGDLGJAGQHGF=JD9E9FL=IMADD9

N9JADD9



 <=DA:J9?

( $*%*

=FMFJ=;AHA=FL=9<=;M9<GH9J9=D

EA;JGGF<9K

$0A034AA4C8A;0!0=C4@D8;;0



+

EAFK -=LAJ9J=D=FNGDLGJAGQHGF=JD9E9FL=IMADD9

N9JADD9



 <=DA:J9?

( $*

9EAF =FMFJ=;AHA=FL=9<=;M9<GH9J9EA;JGGF<9K

;M:A=JLG;GFMF=FNGDLGJAG<=HDUKLA;G

7>2>;0C44AA4C83>

+

EAF9 ,MAL=D9=FNGDLMJ9Q;GDGIM==D;@G;GD9L=

;M9<JG?

( $*

EAFK =F=DHD9LGJ=EM=N99FL=K<=9X9<AJEUK

7>2>;0C44AA4C83>

+

EAF9 LA=EHG D;@G;GD9L=;GFK=JN9KM>GJE9



 L9R9<=;@AKH9K

( $*

EAFK 9ZF;M9F<GK=KM9NAR9

ED

>2>$0=(>BC03>

+

EAF GDYIM=DGK=FMFEGD<=<=L9JL9G=FL9RYF



 L9R9ED

'/*

-=EM=N9;9<9K=?MF<GK

%D4B>A4<0'D0E8I03>

+

EAF9 ,MAL=D9=FNGDLMJ9Q;GDYIM=DG=FMFHD9LG

?GFR9K

( $*%*

EAF

$0A0>A0A 0

+

EAF9 =K@=:J==FMF;GD9<GJK=?MJGH9J9MKG

>A8;;034;00A=4

'/*

EAF <=EA;JGGF<9K=FGLJGHD9LGM:J9;GF

?DA:J9 H9H=D9MLG9<@=JA:D=-=NGDN=JN=;=K

J=F9JD9?J9K9

$0A02>28=0A*464C0;4B

A4B2>B

+

 EAFK /G<GKDGKLJGRGK<=:=FK=J<=DEAKEG

? 9EAF L9E9XG'9N=HJG>MF<9E=FL=9?J=?M=





 DA:J9 ;M;@9J9<9<=9?M9HGJ;9<9



 L9R9<=

N=?=L9D=KQ;M:J9KAF;=JJ9J;GFD9L9H9G

MF9=FNGDLMJ9<=HDUKLA;GH=J>GJ9<9)G

9?J=?M=K9DGE9FL=IMADD9@9KL9<=KHMVK<=

;G;AF9J

4B2>=64;0A

+

 EAFK '9N=HJG>MF<9E=FL=9?J=?M=;M;@9J9<9

? 9EAF <=9?M9HGJ;9<9



 L9R9<=N=?=L9D=KQ

GFR9K ;M:J9KAF;=JJ9J;GFD9L9H9GMF9=FNGDLMJ9

<=HDUKLA;GH=J>GJ9<9)G9?J=?M=K9DG

E9FL=IMADD9@9KL9<=KHMVK<=;G;AF9J)G

K=J=;GEA=F<9H9J9DGKN=?=L9D=K=F

E9FL=IMADD9GK9DK9

=;0C03>B

+

 EAFK 19;W=DGK;GFL=F=<GJ=K=FMFL9RYFH9J9

? 9EAF MKGK=?MJG=FEA;JGGF<9K)GM:JAJ

GFR9K

$+84+88$+84+88IP<%=JJQ+9?=



>=B49>B&L?83>B

(continuación)

 !"(#' $#(" (!$# "'(&)#"'

$0A02>28=0A$0?0>A=4030

+=J>GJ9J;9<9H9H9;GFMFL=F=<GJN=;=K

? 9DJ=<=<GJ<=LG<9D9KMH=J>A;A=GDGIM=D9K

GFR9K;9<9MF9 H9H9K=FLG<G=D:GJ<=<=DHD9LGJ=N=JLA<G



+

 EAFK <=H9H=DLG9DD9HGJDGE=FGKHMD?9<9

9EAF ;E<==KH9;AG=FLJ==DD9K)G;M:JAJ



+

EAF9 =B==FJ=HGKGEAFMLGKH9J9;GEHD=L9JD9

EAF ;G;;AYF

$0A0E0?>A4=;0BC>0;;0B

+

K9K -=EGB9J=F9?M9<=KHMVK=K;MJJAJ=D=P;=KG

34<0=>T

'/*

GDGIM==FMFHD9LGK=?MJGH9J9MKG=F

EA;JGGF<9K

9DA=FL=+J=K=FL=AFE=<A9L9E=FL=

4;03>'D0E8I03>

+

EAF9 -=NAK=>J=;M=FL=E=FL=H9J9=NAL9JIM=K=



 ?9DYFDALJG

( $*%*

EAFK <=JJAL9

(0I03406D0

L9R9ED

+

EAFK

'/*

9EAF

L9R9KED

+

EAFK

'/*

9EAF

(0I034;4274

L9R9ED

+

EAFK

( $*'/*

9EAF

L9R9KED

+

EAFK

( $*'/*

9EAF

$0A00B0A=D424B

+

EAF9 KH9J;AJD9KFM=;=K9HMD?9<9K;E



 L9R9KED

'/*

EAF =FMF9:9F<=B9H9J9HGKLJ=KK=?MJ9H9J9

MKG<=EA;JGGF<9K

-=NGDN=JG;9KAGF9DE=FL=

$0A00B0A'4<8;;0B

+

EAF9 GDG;9J=FMFL9RYFH=IM=XGK=?MJGH9J9

34'MB0<>

'/*

EAFK MKG=FEA;JGGF<9K-=EGN=JN=;=K



 L9R9ED

$0A0?84;34C><0C4B

+

K GDG;9J=DLGE9L==FMFL9RYFK=?MJGH9J9

MFG9D9N=R

'/*

=DMKG=FEA;JGGF<9KIM=;GFL=F?99?M9

@AJNA=F<G FBM9?9JQ+=D9J

-=HAL9H9J9;9<9LGE9L=

$0A0%D8C0A#;>A4B +

EAF GE:AF=L9R9ED9



 ED

34;>A=> '/*

L9R9<=9?M9;GF=DBM?GQHA=D<=MFDAEYF

=FMF9L9R9H=IM=X9=KHMVK<=;9D=FL9J

DAEHA==DAFL=JAGJ<=D@GJFG;GFMF9L=D9

KM9N=0KL=<HM=<=L9E:AVFMLADAR9JMF9

;GE:AF9;AYF<=N9JAGK;D9NGK=FL=JGKQ





<=L9R9<=NAF9?J=;GFL9R9<=9?M9

'GKDWIMA<GK;9DA=FL=KHM=<=F@9;=J

=JMH;AYFKAFGKGFE=R;D9<GK;GF9AJ=

)G;9DA=FL=DWIMA<GK=FKM@GJFG<=

EA;JGGF<9KKAFJ=EGN=JDGKHJAE=JG

$+84+88$+84+88IP<%=JJQ+9?=

0A02C4ANBC820B34

;>B;8<4=C>B

(M2=820B?0A0>28=0A

D4B>BHA0B0B

/9FLGDGK@M=KGK;GEGD9?J9K9

9>=;L9FD9;G;;AYF'GK@M=KGK

HM=<=F;9MK9J;G;;AYF

AJJ=?MD9J'9;9JF=;=J;9F99D9K

HMFL9K<=DGK@M=KGKHM=<=KG:J=;G;AF9JK=

=FL9FLGIM=D9;9JF=M:A;9<9:9BGMF@M=KG

D9J?GL9D;GEGMF@M=KG<=B9EYFHM=<=

J=KMDL9J;JM<G"J9F<=K;9FLA<9<=K<=?J9K9

9:KGJ:=F=F=J?W9<=EA;JGGF<9KQD9;9JF=

;=J;9F99=KL9KUJ=9KHM=<=

KG:J=;G;AF9JK=

4=B8303

DAE=FLGKHGJGKGK;GEG

H9F=KH9KL=D=KGJGDDGK

LGE9FE=FGKLA=EHGH9J9

;G;AF9JIM=DGK9DAE=FLGK

H=K9<GKQ<=FKGK;GEG

H9H9KQ9K9<GKM9F<G

J=;9DA=FL9<GF9KGGLJGK9DAE=FLGK;GF

<A>=J=FL=K;=FLJGKK=9EMQ;MA<9<GKG

D?MFGK9DAE=FLGKLA=F=F;=FLJGK@=;@GK

;GF9RZ;9J9?M9G?J9K9Q=KLGK;=FLJGK

9LJ9=FD9KEA;JGGF<9K+GJ=B=EHDG<GF9K

<=B9D=9M9F<GD9B9D=9<=D9<GF9=K

;9D=FL9<9D9B9D=9=KL9=PLJ=E9<9E=FL=

;9DA=FL=Q=D=PL=JAGJKGDGH9J=;=LA:AG9D

L9;LG KLGHM=<=J=KMDL9J=FMF9

IM=E9<MJ9KAFGK=H=JEAL=IM==D9DAE=FLG

K==F>JW=9HJGHA9<9E=FL=<=D;=FLJG

0=C8303

GKH9H9KLGE9FEUKLA=EHGH9J9

;G;AF9JK=IM=MF9H9H9KW;GEG

K=9ME=FL9D9;9FLA<9<<=9DAE=FLG

K=AF;J=E=FL9=DLA=EHG<=;G;;AYF

M9F<GK=;G;AF9F;9FLA<9<=K

H=IM=X9K<=9DAE=FLGL9D=K;GEGMF9G

<GKH9H9KFG<=B==D@GJFG<=K9L=F<A<G D

;GFL=FA<G<=@ME=<9<=F=D9DAE=FLGHM=<=

<AKEAFMAJQHM=<=J=KMDL9JMFAF;=F<AG

>A<0

/9E9XGKMFA>GJE=KK=

;9D=FL9JUFEUKMFA>GJE=

E=FL= D>AF9D<=D?9<G<=

MFEMKDGK=;G;AF9JUE9K

JUHA<GIM=MF>AF9D;9JFGKG+9J9

;GEH=FK9JD9K>GJE9KAJJ=?MD9J=K;GDGIM=

D9KH9JL=K<=D?9<9K@9;A9=D;=FLJG<=DHD9LG

QD9KHA=R9K?JM=K9K@9;A9D9GJADD9

(0<0O>

+A=R9K<=D?9<9KK=;G;AF9F

EUKJUHA<GIM=HA=R9K

?JM=K9K

(4<?4A0CDA0?0A0<?4I0A

'GK9DAE=FLGKIM==KLUF9L=EH=J9LMJ9

9E:A=FL=LGE9FE=FGKLA=EHGH9J9

;G;AF9JK=IM=9IM=DDGKIM==KLUF

J=>JA?=J9<GKG;GF?=D9<GK

$4A5>A03>

DAE=FLGK;GFHA=DG

E=E:J9F9<=:=FK=J

H=J>GJ9<GK9:A=JLGKG

L=F=J9:A=JL9MF9LAJ9<=

HA=D9FL=K<=;G;AF9J

H9J9H=JEALAJIM==DN9HGJ

=K;9H=+=J>GJ9JD9KQ=E9KQ;D9J9K<=

DGK@M=NGK=FL=JGK9DE=B9KGKLAGF=K

@W?9<GK<=HGDDGH9H9K=FL=J9KQ

N=?=L9D=K=FL=JGK'9KE9FR9F9K=FL=J9K

GD9KH9H9KKAFH=D9J<=:=FL=F=JMF9LAJ9

<=;E<=HA=DH=D9<99FL=K<=

;G;AF9JK=+=J>GJ=K9D;@A;@9KQ

=E:MLA<GK

>A03>A

'GK9DAE=FLGKFGL=F<JUFD9

EAKE99H9JA=F;A9<GJ9<9

IM=9IM=DDGKIM=KGF

;G;A<GK;GFN=F;AGF9DE=FL=

G9IM=DDGK9DAE=FLGKIM=

K=9F;G;AF9<GKMLADAR9F<GD9

;9J9;L=JWKLA;9<=<GJ9<G'9K;9JF=KQ

9N=KHM=<=FK=J:9X9<GK;GFK9DK9H9J9

<GJ9JK9DK9AF?D=K9K9DK9<=:9J:9;G9G

D9K9DK9H9J9<GJ9J;GF9HDA;9<GJ+9J9

MK9JD9K;GE:AF=D9K9DK9H9J9<GJ9J;GF

E9FL=IMADD9GE9J?9JAF9<=JJ=LA<9K

:9JFW;=D9K9FL=K<=;G;AF9JD9K

+9J9<GJ9JH9F=KGH9F=;ADDGKJUHA<GKK=

HM=<=MK9J9RZ;9JEGJ=F9=FD9J=;=L9

=FDM?9J<=9RZ;9J?J9FMD9<9QK=HM=<=

=KHGDNGJ=9JD9KMH=J>A;A=;GF=KH=;A=K

G:K;MJ9K9FL=K<=@GJF=9J

B?02803>

DAE=FLGKAF<ANA<M9D=KL9D=K

;GEGH9H9K;G;A<9K

H9FIM=;ALGKQ9H=JALANGKK=

;G;AF9JUFEUKH9J=BGKAK=

;GDG;9F=F=D@GJFG9<AKL9F;A9KA?M9D=K

M9F<GK=9HGKA:D=9JJ=?D=DGK9DAE=FLGK=F

MFHD9LYF;AJ;MD9J



$+84+88$+84+88IP<%=JJQ+9?=



(M2=820B?0A0>28=0A

(continuación)

D184AC0

GEG=FD9;G;AF9;GFN=F;AGF9D=DN9HGJK=

=N9HGJ9<MJ9FL=D9;G;;AYFHGJEA;JGGF<9K

'9KL9H9K<=D9K;9;=JGD9KG;M:A=JL9K<=

HDUKLA;GKGFMK9<9KH9J9K=DD9J9BMKL9<9E=FL=

M9F<GMLADA;==FNGDLMJ9HDUKLA;9N=FLAD=D9

;M:A=JL9HDUKLA;9<G:D9F<GH9JL=<=D9EAKE9

<=MF9=KIMAF9<=DHD9LGH9J9H=JEALAJIM==D

N9HGJ=K;9H=.M=DL=H9J9LA=EHG<=J=HGKG

M9F<GIMAL=D9;M:A=JL9HDUKLA;99KW;GEG

;M9DIMA=JL9H9<=;JAKL9DL=F?9;MA<9<G<=

IMAL9JD99D=B9<9<=MKL=<H9J9=NAL9J

IM=E9<MJ9KHGJN9HGJ19JAGK?J9<GK<=

J=L=F;AYF<=@ME=<9<K=G:LA=F=FL9E:AVF

MK9F<GH9H=D=F;=J9<GGLG9DD9K<=H9H=D.AF

=E:9J?G9E=FGKIM=K==KH=;A>AIM=D9K

J=;=L9KK=;G;AF9F<=K;M:A=JL9K

$A>C4228P=

bJ=9K<=D?9<9K<=;9JF=KG9N=KK=

;G;AF9FEUKJUHA<GIM=D9KHGJ;AGF=K

;9JFGK9K+9J9=NAL9JD9KG:J=;G;;AYF=KL9K

UJ=9K<=D?9<9KHM=<=FK=JHJGL=?A<9K;GF

LAJ9K<=H9H=D<=9DMEAFAG+9DADDGK<=

<A=FL=K<=E9<=J9HM=<=FK=JMK9<GKH9J9

KGKL=F=J9D9DMEAFAG=FKMDM?9J

$&)Z"K=<=:=L=F=J;MA<9<G

;M9F<GK=MLADA;=H9H=D9DMEAFAGJ;GK

=DV;LJA;GKHM=<=FG;MJJAJKA=DH9H=D

9DMEAFAG=KLUEMQ;=J;9<=D9KH9J=<=KG

HM=JL9<=D@GJFGHM<A=F<GJ=KMDL9J=F

<9XGK9D@GJFG

(84<?>34>228P=

0FJ9F?G<=LA=EHG<=;G;;AYFK=<9=F

;9<9J=;=L9 DJ9F?G<=LA=EHGK=

;GEH=FK9HGJD9K<A>=J=F;A9KAF;GFLJGD9:D=K

=FD9K>GJE9K<=DGK9DAE=FLGKD9

L=EH=J9LMJ99DAFA;AGQD9KHJ=>=J=F;A9K

J=?AGF9D=K.A=EHJ=;G;AF=DGK9DAE=FLGK9D

LA=EHGEWFAEG<=;G;;AYF<9<G=FD9J=;=L9

QJ=NAK=KML=JEAFG.ADGK9DAE=FLGK=KLUF

;JM<GK;GFLAFM=;G;AF9F<G KE9K>U;AD

9X9<AJLA=EHG9MFHJG<M;LG;JM<G0F9N=R

IM=DGK9DAE=FLGK=KLUFKG:J=;G;AF9<GK

F9<9K=HM=<=@9;=J

&4<>E4A

-=EGN=J=KF=;=K9JAGFGJE9DE=FL=

<MJ9FL=D9;G;;AYFHGJEA;JGGF<9K#=EGK

9FGL9<G;M9F<GJ=EGN=J=KF=;=K9JAG

MK9F<GD9KH9D9:J9K_MF9N=R`_<GKN=;=K`

_>J=;M=FL=E=FL=`M_G;9KAGF9DE=FL=`H9J9

<=K;JA:AJD9;9FLA<9<<=N=;=KIM==K

F=;=K9JAGJ=EGN=J

&402><>30A

-=9;GEG<9JHA=R9KH=IM=X9KL9D=K;GEG

H9JL=K<=HGDDG;9E9JGF=K@9E:MJ?M=K9K

G;GJL=K<=HM=J;G-=9;GEG<=D9KHA=R9K

<=D9KGJADD9K9D;=FLJGQHA=R9K<=D;=FLJG9

D9KGJADD9K<=DHD9LG

*>;C40A

)G=KHGKA:D=E=R;D9J9D?MFGK9DAE=FLGK

H9J9J=<AKLJA:MAJ=D;9DGJN=;=KD9=F=J?W9

<=DEA;JGGF<9KK=;GF;=FLJ9JU=FMFUJ=9<=D

9DAE=FLG+9J99K=?MJ9JMF9;G;;AYFH9J=B9

=KLGK9DAE=FLGKF=;=KAL9FK=JNGDL=9<GK

1GDL==9DAE=FLGK?J9F<=KL9D=K;GEG9K9<GK

GH9NGK<=E=<AG?AJGEA=FLJ9KK=;G;AF9F

(84<?>34&4?>B>

'9E9QGJW9<=DGK9DAE=FLGK;GFLAFM9JUF

;G;AFUF<GK=HGJ;GF<M;;AYF<=KHMVK<=IM=

=D@GJFG<=EA;JGGF<9KK=9H9?M=<MJ9FL=

D9;G;;AYF<=D9;9JF=D9L=EH=J9LMJ9AFL=JF9

K=AF;J=E=FL9JU<=[9[KAK=H=JEAL=

=DJ=HGKG;M:A=JLG;GFH9H=D<=9DMEAFAG<=

EAFMLGK9EAFMLGK"MAK9<GKQ

N=?=L9D=KF=;=KAL9FMF9;9FLA<9<E=FGJ<=

LA=EHG<=J=HGKGH=JG=KL=LA=EHG=K

F=;=K9JAGH9J9H=JEALAJ9DGK9DAE=FLGK

;GEHD=L9JKM;G;;AYF=F=D;=FLJGKAF

KG:J=;G;AF9JK=D9KGJADD9K

$AD41034(MA<8=>

'9KEAKE9KHJM=:9K<=L=JEAFGMK9<9K=F

D9;G;;AYF;GFN=F;AGF9DHM=<=FK=JMK9<9K

H9J9;G;AF9J;GFEA;JGGF<9K'9;9JF==KLU

DAKL9;M9F<G=DL=F=<GJK==F;9B9G<=KDAR9

=FLJ=D9K>A:J9K DHGDDG=KLUDAKLG;M9F<GKMK

BM?GKKGF9E9JADDG;D9JGG=DEMKDGK=EM=N=

DA:J=E=FL='GKH=K;9<GK=KLUFDAKLGK

;M9F<GK=K=H9J9D9;9JF=Q=KLUGH9;G

'>1A4;0'46DA830334;;8<4=C>

H(4<?4A0CDA034>228P=

-=NAK9JDGK9DAE=FLGKH9J9N=JKA=KLUF

;G;AF9<GK9D9KL=EH=J9LMJ9K

J=;GE=F<9<9KHGJ=D=H9JL9E=FLG<=

?JA;MDLMJ9<=DDGK KL9<GK0FA<GK

(!$&()& #' !"(#'



[





H9J9;9JF=<=HM=J;G>J=K;G

;9JF=<=J=K;9JF=:D9F;9

<=9N=KAF@M=KGKH=K;9<G

9DAE=FLGK<=E9J@M=NGKQ

9DAE=FLGKHJ=H9J9<GK

;GF?=D9<GK



[





H9J9DG<=EUKDAKLGH9J9

J=;9D=FL9JDGJ=>JA?=J9<GQ

<=DAQ;GEA<9>J=K;9H9J9

DD=N9J



[





;9JF=:D9F;9<=9N=



[





9JF=JGB9<=9N=

+9J9HJG:9JIM==KL9@=;@GAFK=JL=MF

L=JEYE=LJG<=;9JF==FMFUJ=9=KH=K9G

<=FK9D=BGK<=D9?J9K9G@M=KG)0)

<=B==DL=JEYE=LJG=FD9;GEA<9<MJ9FL=D9

;G;;AYF9E=FGKIM==KL=K=99HJG:9<G

H9J9=DMKG=F@GJFG<=EA;JGGF<9K

$+84+88$+84+88IP<%=JJQ+9?=



D8303>H 8<?84I034BD>A=>34!82A>>=30B

"(' !$&

=K=F;@M>9J=FD9LGE9EMJ9D<=D@GJFG F

;9KG<=IM=K=9AEHGKA:D=<=B9J=D@GJFG

9:A=JLGH9J9AEH=<AJIM=K=HGF?9=FE9J;@9

<=E9F=J99;;A<=FL9D

'$)J' !$&

K=?ZJ=K=<=IM=K=NM=DN=9;GDG;9J=DJG

<=-G<ADDGQ9F<=B9<=JAKL9D=FD9HGKA;AYF

;GJJ=;L9<=KHMVKHMDK9JD9L=;D9

$0DB00=24;0A H9J9:GJJ9JD9H9FL9DD9

C8@D4C034!4=QC8@D4C034

3E4AC4=280

)GJ=EM=N9'AEHA9J;GFMFLJ9HG

KM9N=

=C4A8>A34;7>A=>

'AEHA9J;GFMFLJ9HG

@ZE=<G.=HM=<=MLADAR9J

MF<=L=J?=FL=KM9N=KA=D

@GJFGK==FKM;A9EM;@G

)GMLADAR9J<=L=J?=FL=KEMQ

>M=JL=KG9:J9KANGK

0=3490342A8BC0;

PLJ9=JQD9N9J;GF9?M9

B9:GFGK9QLA:A9G=FMF

D9N9HD9LGK

0BBD?4A58284B4GC4A8>A4B

34;7>A=>

'AEHA9J;GFMFLJ9HGKM9N=

+9J9AEH=<AJ<9XGK=FD9K

HA=R9K=FGH=J9;AYF=F=D

AFL=JAGJ<=D@GJFGFGK=<=:=

H=JEALAJIM==D9?M9=FLJ=HGJ

D9K9H=JLMJ9K<=N=FLAD9;AYF

$D4AC034>A=>

'AEHA9J;GFMFLJ9HG

KM9N=;M9F<G =DN9HGJ

K=9;MEMD==F=DAFL=JAGJ

G9DJ=<=<GJ<=D=PL=JAGJ

<=D9HM=JL9<=D@GJFG

MJ9FL=D9;G;;AYF

=KH=;A9DE=FL=:9BG

;GF<A;AGF=K<=EM;@9

@ME=<9<DGK9DAE=FLGK

=PH=D=FN9HGJ+9JL=

<=DN9HGJK=;GF<=FK9JU

=FD9KKMH=J>A;A=KEUK

>JW9K;GEGD9HM=JL9<=D

@GJFG KLG=KFGJE9D

'9KMH=J>A;A=<=DAFL=JAGJ

=KLU;M:A=JL9;GFMF9

H=DW;MD9IM=9;LZ9;GEG

:9JJ=J9;GFLJ9=D;9DGJQ

N9HGJ)G=PLJ9=J

">@D8C4;02D184AC034;06DN034

;0B>=30B

BC04B8<?>AC0=C4?0A0<0=C4=4A

;02D184AC0;8<?8034;0<8B<0

<0=4A0@D44;8=C4A8>A34;>A=>

$0=4;34>=CA>;

M:A=JL9;GFMF9

H=DW;MD9=PLJ9W:D=

H9J9AEH=<AJ

J9DD9<MJ9K<MJ9FL==D

=FNWG

Consejo - Para

extraer la película,

aplicar cinta adhesiva

transparente o de

uso eléctrico en una

esquina expuesta y

tirar suavemente.

.A=DH9F=D<=;GFLJGD

K=@ME=<=;=DAEHA9J

;GFMFLJ9HGK=;GQ

:D9F<G)GMLADAR9J

<=L=J?=FL=KEMQ

>M=JL=KG9:J9KANGK

A>34&>38;;>H4;BD4;>34;0

20E830334;7>A=>

'AEHA9JD9KMH=J>A;A=AF>=JAGJ<=D@GJFG

;GF9?M9;GFMF<=L=J?=FL=KM9N=GMF

HJG<M;LG<=DAEHA=R9<=N=FL9F9KQ

K=;9J D9JG<=-G<ADDGK=HM=<=D9N9J

;GF9?M9;GFMF<=L=J?=FL=KM9N=G

;GFMFHJG<M;LGH9J9D9DAEHA=R9<=

N=FL9F9K KL9KRGF9KK=<=:=JUF

E9FL=F=JDAEHA9KH9J99KW=NAL9JMF

JMA<G=P;=KANG

'!$#&("(!"("& #&"# !$#-'# #'&')#'- #"

"'Z"*$#&  !"(#$)")'&"!#!"(#-#

)!) #"'%)K" #&"#'$)J')'&' #&"# !$

#")"(&$#'#(#' '')$&'" )-"# '&()&'

*"( Z"")&' #&"#-# "&'( 

'&$Z" '$&(' "[!&# '$&('

$FKLJM;;AGF=K(9FM9D<=MKG=KL=DA:JG !4+

9F<=B9<=JAKL9D !,+

JG<=-G<ADDG !23+

GEHJ9<=HA=R9K9;;=KGJAGK=AFKLJM;LANGK=FDWF=9<=LG<GKDGKHJG<M;LGK+9F9KGFA;NAKAL=FM=KLJG

.ALAG2=:=F

&&")))"%&" %! !

G=FNW=KMH=<A<G9D E9AD ""$&%'%" %! !

0KL=<L9E:AVFHM=<=;GFL9;L9JFGK<AJ=;L9E=FL==F

L=DV>GFG>9PKGD9E=FL='MF=K1A=JF=K9E9HE

GEH9XW9<=.=JNA;AGKQ/=;FGDG?W9+9F9KGFA;

L@N=FM=.GML@

&=FL2

;=HL9EGK1AK9(9KL=J;9J<AK;GN=J9J<E=JA;9F PHJ=KKQ@=IM=KH=JKGF9D=K

+9J9MKM9JAGK<= IMAHG/=D==K;JALGJ

!"$%!$!%*'$&!!

$+84+88$+84+88IP<%=JJQ+9?=



=C4B342D38A0'4AE828>

BC>B20B>BB>==>A<0;4B

(A@GJFG<= F9D?MFGKJ9<AGKQL=D=NAKGJ=KHM=<=G;MJJAJAFL=J>=J=F;A9

EA;JGGF<9K;9MK9 ;M9F<GMKL=<;G;AF=;GFKM@GJFG<=EA;JGGF<9K KL9

AFL=J>=J=F;A9;GF AFL=J>=J=F;A9=KKAEAD9J9D9AFL=J>=J=F;A9HGJH=IM=XGK

EAL=D=NAKGJ 9H9J9LGK=DV;LJA;GK;GEG:9LA<GJ9K9KHAJ9<GJ9KK=;9<GJ9K

<=9AJ==KLGFGAF<A;9FAF?ZFHJG:D=E9

.=9;MEMD9N9HGJ=F MJ9FL=D9;G;;AYFDGK9DAE=FLGK<=KHA<=FN9HGJ'9E9QGJW9

D9HM=JL9<=D@GJFGQ <==KL=N9HGJ=KJ=EGNA<GHGJ=D9AJ=IM=;AJ;MD9=FD9

9AJ=;9DA=FL=K9D=<= ;9NA<9<<=D@GJFGKAF=E:9J?G9D?G<=N9HGJK=;GF<=FK9JU

D9KJ=BADD9K<= =FD9KKMH=J>A;A=K>JW9KL9D=K;GEGD9HM=JL9<=D@GJFG KLG

N=FLAD9;AYF =KFGJE9D=KHMVK<=MK9JK==D@GJFGK=<=:=DAEHA9J=F

K=;GN=JHU?AF9

D@GJFGFG=KLU=F;@M>9<G PLJ9=J=D=F;@M>=<=D9LGE9=KH=J9J

<=E9F=J9K=?MJ9 K=?MF<GKQNGDN=J9=F;@M>9J

DAFL=JJMHLGJ:J=9C=J<=D -=AFA;A==DAFL=JJMHLGJ:J=9C=J<=D

;AJ;MALGG=D>MKA:D= K=@9 ;AJ;MALGGJ==EHD9;==D>MKA:D=

>MF<A<GG<AKH9J9<G

PAKL=MFHJG:D=E9;GFD9 F;@M>9JGLJG=D=;LJG<GEVKLA;G

LGE9=DV;LJA;9 =FD9LGE9H9J9;GEHJG:9JKA

VKL9>MF;AGF9;GJJ=;L9E=FL=

'9HM=JL9FG=KLU;=JJ9<9 =JJ9J:A=FD9HM=JL9<=D@GJFG

;GEHD=L9E=FL=

'9L=;D9=24=34A +J=KAGF==24=34A

FG@9KA<GHJ=KAGF9<9

49K=@9:W9AFLJG<M;A<G +J=KAGF=$0DB00=24;0A H9J9

GLJGHJG?J9E9=F=D@GJFG 9FMD9J=DHJG?J9E99FL=JAGJ=

AFLJG<M;AJMFHJG?J9E9FM=NG

DHJG?J9E9FG=K;GJJ=;LG +JG?J9E9JGLJ9N=R<=9;M=J<G

;GFD9KAFKLJM;;AGF=K<=*H=J9;AYF

'9L=;D9$0DB00=24;0A +JG?J9E9J=D@GJFGGLJ9N=R

K=HJ=KAGFY9;;A<=FL9DE=FL=

DHD9LG?AJ9LGJAGFG=KLU -=LAJ=D99F<=B9<=JAKL9DQ=DJG

;GDG;9<G;GJJ=;L9E=FL==F <=-G<ADDG'AEHA=;GFMFH9XG

=DJG<=D-G<ADDGG=PAKL=F @ZE=<GQJ=9BMKL==DJG<=-G<ADDG

9DAE=FLGK<=:9BG<=DJG<=D QD99F<=B9<=JAKL9D

-G<ADDG ;GJJ=;L9E=FL=

D'GKFADDGK<=D-G<ADDGQ 'AEHA==KL9KH9JL=K<=9;M=J<G9D

=D>GF<G<=D@GJFG=KLUF D8303>H 8<?84I034BD>A=>

KM;AGK 34!82A>>=30B N=JHU?AF9

D. "0-* )$T*.>M= =K9;LAN9J=D. "0-*9DHJ=KAGF9J

9;LAN9<G9DHJ=KAGF9JD9 D9L=;D9<=$0DB00=24;0A N=;=K

L=;D9<==24=34A N=;=K

D@GJFGFGK=HGF=

=FE9J;@9

D@GJFGFG=EHA=R9

9;G;AF9J

DHD9LG?AJ9LGJAG

L9E:9D=9

M9F<G=D@GJFG

=KLU>MF;AGF9F<GD9

9F<=B9<=JAKL9D

HJG<M;=JMA<GK

'9H9D9:J9_@AD<`

9H9J=;==FD9N=FL9F9

<=NAKM9DAR9;AYF

$&# ! $#' )' Z"

'9>M=FL=<=KMEAFAKLJG<=

=F=J?W9<=D@GJFG@9

>9DD9<G

!9NGJ;GFL9;L9J9KM=FLJG<=

.=JNA;AGKMLGJAR9<GN=9H9?



D@GJFG<=LA=F=D9

;G;;AYFQ=FD9H9FL9DD9

AF<A;9<GJ99H9J=;=

_#`_#`G_#`

$+84+88$+84+88IP<%=JJQ+9?=



+9J9MKM9JAGK<= IMAHG/=D==K;JALGJ

&"(Y !(-&(#&#'&*#' #"')!#&

)'H$D4AC>&82>

*(+Tc ' /-d)$ *).0($*- .+).*)$

$1$.$d) +).*)$ *-+*-$*) 

)*-/ (S-$)

*F=+9F9KGFA;29Q

.=;9M;MK)=O%=JK=Q0.

0A0=CN0 8<8C03034;>A=>!82A>>=30$0=0B>=82

>14ACDA034;00A0=CN0 8<8C030

.AKMHJG<M;LGFG>MF;AGF99<=;M9<9E=FL=<=:A<G9<=>=;LG=FDGKE9L=JA9D=KG=FD9>9:JA;9;AYFD9GEH9XW9

D=;LJYFA;9<=GFKMEA<GJ=K+9F9KGFA;+9F9KGFA;GFKME=J D=;LJGFA;KGEH9FQJ=>=JA<GK;GEG_=D

?9J9FL=`HGJD9<MJ9;AYF<=DH=JWG<GIM=K=E=F;AGF9EUK9:9BG=D;M9D;GEA=FR9=FD9>=;@9<=;GEHJ9

GJA?AF9D_H=JWG<G<=?9J9FLW9`@9JUMKG<=<GKGH;AGF=K9J=H9J9JKMHJG<M;LG;GFH9JL=KFM=N9KGJ=H9J9<9K

G:J==EHD9R9JDGHGJMFHJG<M;LGFM=NGGMFGJ=H9J9<G'9<=;AKAYF<=J=H9J9JGJ==EHD9R9J=DHJG<M;LGK=JU

LGE9<9HGJ=D?9J9FL=

$&(' (&#

(#' '$&(' 3 +/* '/0*(") /-d) )"K# )"K#

()#!"(&Z" "#K#' )"K#

MJ9FL==DH=JWG<G<=D9?9J9FLW9<=_/J9:9BG`FG@9:JUF;G:JGKHGJLJ9:9BGMJ9FL==DH=JWG<G<=D9?9J9FLW9<=

_+9JL=K`FG@9:JUF;G:JGKHGJD9KH9JL=K0KL=<<=:=DD=N9JG=FNA9JHGJ;GJJ=GKMHJG<M;LG<MJ9FL==DH=JWG<G<=

?9J9FLW9 KL9?9J9FLW9KYDGK=9HDA;99HJG<M;LGK;GEHJ9<GKQH9?9<GK=F KL9<GK0FA<GKQ+M=JLG-A;G KL9

?9J9FLW9K==PLA=F<=KYDG9D;GEHJ9<GJGJA?AF9D<=MFHJG<M;LGFM=NGQFG9IMA=FDG;GEHJ=<=K=?MF<9E9FG

+9J9=DK=JNA;AG<=?9J9FLW9K=F=;=KAL9MFJ=;A:G<=;GEHJ9G9D?MF9GLJ9HJM=:9<=D9>=;@9<=;GEHJ9GJA?AF9D

<=DHJG<M;LG

'4AE828>34=CA460>=EN>?>A>AA4>

+9J9=D.=JNA;AG<= FLJ=?9G FNWGHGJGJJ=G=F KL9<GK0FA<GKQ+M=JLG-A;GHGJ>9NGJDD9E=9D

+)GNAKAL=FM=KLJG.ALAG2=:+9F9KGFA;@LLHOOOH9F9KGFA;;GE

0A0=CN0 8<8C030 N<8C4BHG2;DB8>=4B

KL9?9J9FLW9.d'*0- >9DD9K<=:A<G9<=>=;LGK=FDGKE9L=JA9D=KG=FD9>9:JA;9;AYFQ)*0- NA<JAGK

H9JL=KHDUKLA;9KG9D?ZFLAHG<=L=JEYE=LJGKA=KIM==KLUAF;DMW<G<=L=JAGJGKGJ9K?MXGKFGJE9D=KG<9XGK

;YKE=LA;GK'9?9J9FLW9/(+**0- <9XGKHJG<M;A<GKHGJ=DLJ9FKHGJL=G>9DD9K;9MK9<9KHGJHJG<M;LGK

FGHJGHGJ;AGF9<GKHGJ=D?9J9FL=G>9DD9KIM=@9Q9FKA<G=DJ=KMDL9<G<=9;;A<=FL=KE9DMKG9:MKGF=?DA?=F;A9

HD9?9<=AFK=;LGKE9D=E:9D9B=E9D99HDA;9;AYF9DL=J9;AYFAFKL9D9;AYF<=>=;LMGK99BMKL=K<=EGFL9B=E9D

9BMKL=<=D;GFLJGD<=D;GFKMEA<GJE9FL=FAEA=FLGAF9HJGHA9<GKG:J=L=FKAYF=FD9DWF=9<=;GF<M;;AYF=DV;LJA;9

<9XGK=FD9ADMEAF9;AYFEG<A>A;9;AGF=KGMKG;GE=J;A9DHGJ=B=EHDG=FMF@GL=DG>A;AF9J=KL9MJ9FL=MGLJGK

MKGK;GE=J;A9D=K9JJA=F<G<=DHJG<M;LGJ=H9J9<GHGJ;M9DIMA=JGLJGK=JNA;AGIM=FGK=9=D.=JNA;AG/V;FA;G<=D9

!U:JA;9G9D?ZF.=JNA;AG/V;FA;GMLGJAR9<GG;M9DIMA=J<9XGIM=K=D99LJA:MQ99D9E9FG<=AGK"#,'("

&"(Y''&(',$(# '%)'")!&"!X'##!#U#&()&

&"(Y !(V &"("#'&'$#"' $#&K#'#&()Y(#'#

!$#&("('%)'$&#)."$#& )'#'($&#)(###) %)&

*# Z"'(&"(YHGJ=B=EHDG=KLG=P;DMQ=<9XGKHGJHVJ<A<9<=LA=EHG=D;GKLGIM=LA=F=KA

K=F=;=KAL9IM=9D?MA=FJ=EM=N9GJ=AFKL9D==D9H9J9LGGDGKNA9B=K<=K<=Q9DK=JNA;AGLV;FA;G'GKHMFLGK

E=F;AGF9<GKFGKGFKYDGDGKZFA;GKK=E=F;AGF9F9EG<G<==PHDA;9;AYF(#' '&"(Y'

'&('!$ Y('" )Y' '&"(Y'#!& .Z"'#" !('

'[" $&## &"(Y !(D?MFGK=KL9<GKFGH=JEAL=FD9=P;DMKAYFGJ=KLJA;;AYF<=

<9XGKAEHGJL9FL=KG>GJLMWLGKGJ=KLJA;;AGF=KKG:J=;M9FLGLA=EHG<MJ9MF9?9J9FLW9AEHDW;AL9<==K9>GJE9D9K

=P;DMKAGF=KFGK=9HDA;9JW9F9MKL=< KL9?9J9FLW9D=<9<=J=;@GKD=?9D=K=KH=;W>A;GKQMKL=<HM=<=L=F=J

L9E:AVFGLJGK<=J=;@GKIM=N9JW=F<=MF=KL9<G9GLJG.AMFHJG:D=E9;GF=KL=HJG<M;LGKM;=<=<MJ9FL=G

<=KHMVK<=DH=JWG<G<=?9J9FLW9MKL=<HM=<=;GFL9;L9JK=;GFKM<AKLJA:MA<GJG;GF=D.=JNA;AG/V;FA;G.A=D

HJG:D=E9FG=KKGDM;AGF9<G9KMK9LAK>9;;AYF=FLGF;=KMKL=<HM=<==K;JA:AJ9D=H9JL9E=FLG<=KMFLGK<=D

GFKMEA<GJ<=D"9J9FL=9D9<AJ=;;AYFIM=K=E=F;AGF9H9J9=D?9J9FL=

'$&('-'&*#'%) &"(Y !("#)&'#"')&'$#"' 

+9J9G:L=F=JAF>GJE9;AYF<=HJG<M;LGQ9KAKL=F;A9<=>MF;AGF9EA=FLG'G;9DAR9J9KMAKLJA:MA<GJG

=FLJG<=.=JNA;AGEUK;=J;9FG;GEHJ9JHA=R9KQ9;;=KGJAGKG@9;=JH=<A<GK=F.=JNA;AG9DA=FL=

NAKAL=FM=KLJG.ALAG2=:=F

&&")))" %! !"

G;GFLU;L=FGK=F&&")))" %! !! && !

0KL=<HM=<=L9E:AVF;GFL9;L9JFGK<AJ=;L9E=FL=9D$"

'MF=K1A=JF=K9EHE.U:9<GGEAF?G9EHE

$&!$!$(! &*'$&!!

$+84+88$+84+88IP<%=JJQ+9?=



DY0A0?83034>?4A028P=

0A02C4ANBC820 ><>#?4A0A;0

+9J9+GF=J=D

-=DGB=FD9#GJ9

*HU?AF9

+J=KAGF=N=;=K -=?AKLJ=D9@GJ9 +J=KAGF=N=R

+9J9MLADAR9J9F<9<G

<=.=?MJA<9<<=

)AXGK

*HU?AF9

+J=KAGF=N=;=K +J=KAGF=N=;=K

$0A0

'4;4228>=0A

$0A0

20=24;0A

+9J9BMKL=<=

+GL=F;A9Q/A=EHG

*HU?AF9

.=D=;;AGF=HGL=F;A9 KL9:D=R;9=DLA=EHG<=;G;;AYF

+J=KAGF=N=R

(AFMLGMLGEULA;G

*HU?AF9

@9KL9 +J=KAGF=N=R

+J=KAGF=N=R

.=D=;;AGF==DLA=EHG<=E9FL=F=J;9DA=FL=@9KL9EAFMLGK

+J=KAGF=N=R

+9J9MLADAR9J

(9FL=F=J9DA=FL=

*HU?AF9

+9J9G;AF9JMK9F<GD9

L=;D9<=+9DGEAL9K

*HU?AF9

-=?AKLJ==DH=KG<=DH9IM=L=

*H;AGF9D +J=KAGF=N=R

+9J9=K;GF?=D9J

MK9F<GD9L=;D9

=K;GF?=D9;AYF/MJ:G

$FN=JL=J *HU?AF9

+J=KAGF=N=R !AB==DH=KG +J=KAGF=N=R

+9J9-=;9D=FL9EA=FLG

MK9F<GD9L=;D9

-=;9D=FL9EA=FLG<=

.=FKGJ *HU?AF9

+J=KAGF=N=R +J=KAGF=N=R

+9J9G;AF9JMK9F<G

/=;D9<=G;;AYF<=

.=FKGJ

*HU?AF9

*H;AGF9D

+J=KAGF=H9J9K=D=;;AGF9J=D9DA

E=FLGK=?ZF=D<W?ALG

*H;AGF9D +J=KAGF=N=R

+9J90K9J;GEG

;JGFYE=LJG<=

;G;AF9 *HU?AF9

+J=KAGF=N=R $FLJG<M;AJ@GJ9 +J=KAGF=N=R

+9J9 KL9:D=;=J=D

/A=EHG<=-=HGKG

*HU?AF9

+J=KAGF=N=R

$FLJG<M;AJ@GJ9 +J=KAGF=N=R



-=?AKLJ==D

HJG?J9E9<=

G;;AYF<=K=9<G

+9J9 KL9:D=;=JMF

GEA=FRG/9J<WG

*HU?AF9

+J=KAGF=N=R

$FLJG<M;AJ@GJ9

+J=KAGF=N=R



-=?AKLJ==D

HJG?J9E9<=

G;;AYF<=K=9<G

$+84+88$+84+88IP<%=JJQ+9?=



B?428582028>=4B

!M=FL=<= F=J?

9

+GL=F;A9!M=FL=<=+G<=J

+GL=F;A9<=G;;AYF

AE=FKAGF=K PL=JAGJ=K

F;@GPDLGP!GF<G

AE=FKAGF=K$FL=JAGJ=K"=F=J9D=K

F;@GPDLGP!GF<G

!J=;M=F;A9

+=KG)=LG

)).) )).)2 )).). )).).

1#R

EHK2

2

EEPEEPEE





P



P





EEPEEPEE





P



 P





(#R

HJGPC?D:K

=L=JEAF9<G<=9;M=J<G9HJG;=<AEA=FLGK;GFL=EHD9<GK=FD9FGJE9$ 

'9K=KH=;A>A;9;AGF=K=KLUFKMB=L9K9;9E:AGKKAFHJ=NAG9NAKG

8C342D8303>?0A0""'"''"'

)ZE=JG<=(G<=DG

AE=FKAGF=K PL=JAGJ=K

F;@GPDLG



:=JLMJ9<=D"9:AF=L=

F;@GPDLGP!GF<G



))/&..+

AFGPA<9:D=

EEPEE

P





EEPEEPEE





P



P

&468BCA>34)BD0A8>

DFZE=JG<=K=JA=<==KL=HJG<M;LGK=

DG;9DAR9=FD9H9JL=LJ9K=J9<=D@GJFGG

=FD9H9JL=ARIMA=J<9<=DH9F=D<=

;GFLJGD0KL=<<=:=JW99FGL9J=DFZE=JG

<=EG<=DGQFZE=JG<=K=JA=<==KL=

@GJFG=F=D=KH9;AGAF<A;9<GQ?M9J<9J

=KL=DA:JG;GEGMFJ=?AKLJGH=JE9F=FL=

<=KM;GEHJ9H9J9>MLMJ9KJ=>=J=F;A9K

"Q<4A>34<>34;>/////////

"Q<4A>34B4A84 ///////////

427034><?A0 //////////

Compañía Electrónica de Consumidores Panasonic,

División de Panasonic Corporacion de Norte Américana

One Panasonic Way

Secaucus, New Jersey 07094, USA

Panasonic Artículos para el Hogar Hornos de Microondas de Shanghai

$+84+88$+84+88IP<%=JJQ+9?=

Panasonic NNSN651W NN-SN651B Operating Manual (Spanish)

Marca: Panasonic

Modelo: NNSN651W

Categoría: Microondas

Tipo: NN-SN651B Operating Manual (Spanish)

Descargar PDF

informe

Panasonic NNSN651W NN-SN651B Operating Manual (Spanish)

Panasonic NNSN651W NN-SN651B Operating Manual (Spanish)

Documentos relacionados

Otros documentos